By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – Citigroup Global Markets Holdings Inc. priced $3.9 million of autocallable contingent coupon equity-linked securities due Jan. 3, 2023 linked to the least performing of the common stocks of Apple Inc., salesforce.com, inc. and PayPal Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if each underlying stock closes at or above its 60% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above 100% of its initial level on any quarterly call observation date.
The payout at maturity will be par plus the coupon unless any stock finishes below its 60% trigger level, in which case investors will have full exposure to the loss of the least-performing stock.
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 stocks: | Apple Inc., salesforce.com, inc. and PayPal Holdings, Inc.
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Amount: | $3.9 million
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Maturity: | Jan. 3, 2023
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Coupon: | 9.5% annualized, payable quarterly if each stock closes at or above 60% coupon barrier on review date for that period
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Price: | Par
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Payout at maturity: | If each stock finishes at or above 60% trigger level, par plus coupon; otherwise, full exposure to loss of least performing stock
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Call: | At par if each stock closes at or above 100% of its initial level on any quarterly call observation date
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Initial levels: | $136.69 for Apple, $222.64 for salesforce and $235.73 for PayPal
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Barrier levels: | $82.014 for Apple, $141.483 for salesforce and $134.784 for PayPal; 60% of initial levels
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Pricing date: | Dec. 28
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Settlement date: | Dec. 31
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.35%
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Cusip: | 17328NFB9
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