New York, May 25 – Citigroup Global Markets Holdings Inc. priced $10 million of contingent income autocallable securities due May 28, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.25%, paid quarterly, if the underlying fund closes at or above its 87% downside threshold on the related quarterly observation date.
The securities will be called automatically if the ETF closes at or above its initial level on any determination date.
At maturity the payout will be par unless the ETF closes below its 87% downside threshold level in which case investors will lose 1.1494% for each 1% the decline of the ETF beyond 13%.
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: | Contingent income autocallable securities
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| Underlying ETF: | SPDR S&P 500 ETF Trust
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| Amount: | $10 million
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| Maturity: | May 28, 2024
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| Coupon: | 11.25%, paid quarterly, if the underlying fund closes at or above its 87% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the ETF closes below its downside threshold level in which case 1.1494% for each 1% decline of ETF beyond 13%
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| Call: | Automatically if ETF closes at or above initial level on any determination date
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| Initial level: | $419.23
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| Downside threshold: | $364.73, 87% of initial level
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| Pricing date: | May 19
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| Settlement date: | May 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.1% including a structuring fee of 0.05%
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| Cusip: | 17331HX35
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