New York, Dec. 28 – Citigroup Global Markets Holdings Inc. priced $635,000 of autocallable contingent coupon equity linked securities due May 3, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.35% per year, paid quarterly, if the worst performing index closes at or above its 60% downside threshold on the related valuation date.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date.
If the notes have not been called, the payout at maturity will be par unless either index closes below its downside threshold during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
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 indexes: | Russell 2000 index and S&P 500 index
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Amount: | $635,000
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Maturity: | May 3, 2023
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Coupon: | 9.35% per year, paid quarterly if the worst performing index closes at or above its 60% downside threshold on the related valuation date
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Price: | Par
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Payout at maturity: | Par unless either index closes below its downside threshold during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level
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Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date
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Initial levels: | 1,917.944 for Russell 2000 index, 4,287.50 for S&P 500 index
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Final barriers: | 1,150.766 for Russell 2000 index, 2,572.500 for S&P 500 index, 60% of initial levels
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Pricing date: | April 28
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Settlement date: | May 3
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.725%
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Cusip: | 17330FVH1
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