By Kiku Steinfeld
Chicago, Aug. 25 – Citigroup Global Markets Holdings Inc. priced $2.13 million of autocallable contingent coupon equity-linked securities due Aug. 11, 2022 linked to the least performing of the S&P 500 index and the VanEck Vectors Gold Miners ETF, 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 annual rate of 7.1% if each asset closes at or above the 80% threshold on the observation date for that quarter.
The notes will be called at par if each asset closes at or above 90% of its initial level on any observation date.
The payout at maturity will be par unless any asset closes below the 80% threshold, in which case investors will be fully exposed to any decline of the worst performing asset beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Global Markets Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying assets: | S&P 500 index and VanEck Vectors Gold Miners ETF
|
| Amount: | $2,126,000
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| Maturity: | Aug. 11, 2022
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| Coupon: | 7.1% annualized, payable quarterly if each asset closes at or above 80% threshold on valuation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any asset finishes below 80% threshold, in which case investors will be fully exposed to any decline of worst performing asset beyond 20%
|
| Call: | At par if each asset closes at or above 90% of its initial level on any observation date
|
| Initial levels: | 3,351.28 for index and $42.74 for fund
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| Thresholds: | 2,681.024 for index and $34.192 for fund, 80% of initial levels
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| Call levels: | 3,016.152 for index and $38.466 for fund, 90% of initial levels
|
| Pricing date: | Aug. 7
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| Settlement date: | Aug. 12
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17328WG93
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