By Wendy Van Sickle
Columbus, Ohio, Feb. 4 – Citigroup Global Markets Holdings Inc. priced $6.01 million of autocallable contingent coupon equity-linked securities due Jan. 31, 2030 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annualized rate of 8% if the index closes at or above the barrier level, 60% of the initial level, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above the initial share level on any valuation date.
If the notes are not called, the payout at maturity will be par plus the final coupon unless the index finish below the 60% final barrier level, in which case investors will be fully exposed to the loss.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying index: | Euro Stoxx Banks
|
| Amount: | $6,006,000
|
| Maturity: | Jan. 31, 2030
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| Coupon: | 8% per year, payable quarterly if closing level of index is greater than or equal to barrier level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless index finish below final barrier level, in which case, full exposure to loss
|
| Call: | At par plus contingent coupon if closing share level is greater than or equal to initial share level on any valuation date
|
| Initial share level: | 92.97
|
| Barrier level: | 55.782, 60% of initial share level
|
| Pricing date: | Jan. 28
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| Settlement date: | Jan. 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.5%
|
| Cusip: | 17327TU53
|
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