By Taylor Fox
New York, Nov. 23 – Citigroup Global Markets Holdings Inc. priced $5 million of 11.25% buffered fixed-coupon autocallable equity-linked securities due Nov. 19, 2021 linked to the common stock Hilton Worldwide Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called at par if the stock closes at or above the initial share price on any monthly observation date.
The payout at maturity will be par unless the stock finishes below the 80% buffer level, in which case investors will receive 11.81474 Hilton shares, or cash at the issuer’s option.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffered fixed-coupon autocallable equity-linked securities
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Underlying stock: | Hilton Worldwide Holdings Inc.
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Amount: | $5 million
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Maturity: | Nov. 19, 2021
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Coupon: | 11.25% per year, payable monthly
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Price: | Par
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Payout at maturity: | Par unless stock finishes below buffer level, in which case investors will receive 11.81474 Hilton shares, or cash at the issuer’s option
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Call: | Automatically at par if stock closes at or above initial share price on any monthly observation date
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Initial share price: | $105.80
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Buffer level: | $84.64, 80% of initial share price
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Pricing date: | Nov. 16
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Settlement date: | Nov. 19
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Agent: | Citigroup Global Markets Inc.
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 0.35%
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Cusip: | 17324X6D7
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