By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – Citigroup Global Markets Holdings Inc. priced $717,000 of autocallable contingent coupon equity-linked securities due Feb. 3, 2022 linked to the worst performing of the iShares Silver trust and the SPDR Gold trust, 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 10% if each asset closes at or above the coupon barrier price, 75% of the initial price, on the valuation date for that quarter, plus any previously unpaid coupon.
The notes will be called at par on any quarterly call valuation date.
If the notes are not called and each asset finishes at or above final barrier price, 75% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will be exposed to the downside of the worst performer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying assets: | iShares Silver trust and SPDR Gold trust
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| Amount: | $717,000
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| Maturity: | Feb. 3, 2022
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| Coupon: | 10% annualized rate, payable quarterly if each asset closes at or above coupon barrier price on valuation date for that quarter, plus any previously unpaid coupon
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each asset closes at or above final barrier; otherwise, investors will be exposed to the downside of the worst performer
|
| Call: | At par plus coupon if each asset closes at or above initial level on any quarterly call valuation date
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| Initial levels: | $24.99 for silver, $172.61 for gold
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| Coupon barrier levels: | $18.743 for silver, $129.458 for gold, 75% of initial levels
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| Final barrier levels: | $18.743 for silver, $129.458 for gold, 75% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 3
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
| Cusip: | 17328NGA0
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