New York, April 19 – Citigroup Global Markets Holdings Inc. priced $10 million of 11.9016% autocallable phoenix securities due April 21, 2025 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a coupon of 11.9016% if the stock closes at or above its 80% coupon barrier on the related valuation date, plus any previously unpaid coupon.
They will be called automatically starting May 15 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date.
The payout at maturity will be par if the stock finishes at or above its 80% final barrier. If the stock ends below the final barrier investors will lose 125% of the decline beyond the final barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable phoenix securities
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| Underlying stock: | Microsoft Corp.
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| Amount: | $10 million
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| Maturity: | April 21, 2025
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| Coupon: | 11.9016% if the stock closes at or above its 80% coupon barrier on the related valuation date, plus any previously unpaid coupon
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier par; if stock finishes below the final barrier investors lose 125% of decline beyond final barrier
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| Initial level: | $427.93
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| Final barrier: | $342.344, 80% of initial level
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| Coupon barrier: | $342.344, 80% of initial level
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| Downside leverage: | 125%
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| Call: | Automatically starting May 15 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
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| Pricing date: | April 15
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| Settlement date: | April 18
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.1%
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| Cusip: | 17331A4D0
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