Chicago, April 8 – Citigroup Global Markets Holdings Inc. priced $1.29 million of autocallable contingent coupon equity-linked securities due May 7, 2025 linked to the common stock of Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.9% paid monthly if the stock closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically starting after six months if the level of the stock is greater than or equal to its initial level and on any subsequent monthly valuation date.
If the stock finishes at or above its 75% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines, payable in cash or shares at the issuer’s option.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | Charles Schwab Corp.
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| Amount: | $1,285,000
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| Maturity: | May 7, 2025
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| Coupon: | 10.9% paid monthly if the stock closes at or above its 75% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier, paid in cash or shares at issuer’s option
|
| Call: | Automatically starting after six months if the level of the stock is greater than or equal to its initial level and on any subsequent monthly valuation date
|
| Initial level: | $71.46
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| Coupon barrier: | $53.595, 75% of initial level
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| Final barrier: | $53.595, 75% of initial level
|
| Pricing date: | April 2
|
| Settlement date: | April 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.15%
|
| Cusip: | 17331APA3
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