Chicago, Dec. 1 – Citigroup Global Markets Holdings Inc. priced $962,000 of autocallable contingent coupon equity linked securities due March 22, 2023 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8% paid quarterly if the fund closes at or above its 79% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting June 17 if the level of the fund is greater than or equal to its initial level and on any subsequent quarterly valuation date.
If the fund finishes at or above its 79% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the fund declines, payable in shares or cash 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 fund: | Financial Select Sector SPDR Fund
|
| Amount: | $962,000
|
| Maturity: | March 22, 2023
|
| Coupon: | 8% paid quarterly if the fund closes at or above its 79% coupon barrier on the related valuation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | If fund finishes at or above final barrier par; 1% loss for every 1% that fund declines if it ends below final barrier
|
| Call: | Automatically at par starting June 17 if the level of the fund is greater than or equal to its initial level and on any subsequent quarterly valuation date
|
| Initial level: | $38.91
|
| Coupon barrier: | $30.739, 79% of initial level
|
| Final barrier: | $30.739, 79% of initial level
|
| Equity ratio: | 25.70033 shares
|
| Pricing date: | March 17
|
| Settlement date: | March 22
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17328NY93
|
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