Chicago, Sept. 3 – Citigroup Global Markets Holdings Inc. priced $850,000 of autocallable contingent coupon equity-linked securities due Feb. 10, 2027 tied to the worst performing of the Euro Stoxx Banks index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a monthly coupon at an annualized rate of 9.3% if the closing value of the worst performing underlier on the relevant valuation date is greater than or equal to its 70% coupon barrier value.
If on any valuation date after a year the closing value of the worst performing underlying is greater than or equal to its initial value, the notes will be called at par plus the contingent coupon.
If each underlier finishes at or above 80% of initial value, the payout at maturity will be par plus the coupon.
Otherwise, investors will be exposed to the decline of the worst performing underlier beyond the 20% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underliers: | Euro Stoxx Banks index and the United States Oil Fund, LP
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| Amount: | $850,000
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| Maturity: | Feb. 10, 2027
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| Coupon: | 9.3% annualized rate payable quarterly if worst performing closes above 70% coupon barrier value on relevant valuate date
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon if worst performing finishes above 80% of initial value; otherwise exposure to losses of worst performing beyond 20% buffer
|
| Call: | At par plus coupon if worst performing underlying finishes above initial level on quarterly valuation date after one year
|
| Initial levels: | 82.67 for Stoxx Banks and $11.37 for US Oil fund
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| Coupon barriers: | 57.869 for Stoxx Banks and $7.959 for US Oil fund, 70% of initial levels
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| Buffer values: | 66.136 for Stoxx Banks and $9.096 for US Oil fund, 80% of initial levels
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| Pricing date: | Aug. 5
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| Settlement date: | Aug. 8
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.25%
|
| Cusip: | 17327TNU6
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