By Wendy Van Sickle
Columbus, Ohio, Jan. 27 – Citigroup Global Markets Holdings Inc. priced $290,000 of autocallable contingent coupon equity-linked securities due Jan. 27, 2021 linked to the least performing of the Financial Select Sector SPDR fund and the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 6% per year if the least-performing fund closes at or above its coupon barrier value, 80% of its initial share price, on the valuation date for that quarter.
The notes will be automatically called at par if the least-performing fund closes at or above its initial share price on any quarterly valuation date.
The payout at maturity will be par unless the least-performing fund finishes below its final barrier value, 80% of its initial share price, in which case investors will have full exposure to loss of least-performing fund.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying funds: | Financial Select Sector SPDR fund and Health Care Select Sector SPDR fund
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| Amount: | $290,000
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| Maturity: | Jan. 27, 2021
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| Coupon: | 6% per year, payable quarterly if least-performing fund closes at or above coupon barrier value on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless least-performing fund finishes below final barrier value, in which case full exposure to loss of least-performing fund
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| Call: | Automatically at par if least-performing fund closes at or above initial share price on any quarterly valuation date
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| Initial share prices: | $30.86 for financial fund, $104.73 for health care fund
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| Coupon barriers: | $24.688 for financial fund, $83.784 for health care fund, or 80% of initial share prices
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| Barrier values: | $24.688 for financial fund, $83.784 for health care fund, or 80% of initial share prices
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| Pricing date: | Jan. 22
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| Settlement date: | Jan. 27
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XUY4
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