New York, March 14 – Citigroup Global Markets Holdings Inc. priced $2.4 million of callable contingent coupon equity linked securities due Nov. 12, 2024 linked to the common stock of Freeport-McMoRan Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.75%, paid quarterly, if the stock closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par on any quarterly review date.
The payout at maturity will be par if the stock ends at or above its 70% final barrier.
Otherwise, investors will receive a number of shares per security equal to $1,000 divided by the stock’s initial level or, at the issuer’s option, the cash equivalent.
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: | Callable contingent coupon equity linked securities
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| Underlying stock: | Freeport-McMoRan Inc.
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| Amount: | $2.4 million
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| Maturity: | Nov. 12, 2024
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| Coupon: | 14.75%, paid quarterly, if the stock closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, receive 25.11932 shares per security or, at the issuer’s option, the cash equivalent
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| Call option: | At par on any quarterly review date
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| Initial level: | $39.81
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| Coupon barrier: | $27.867, 70% of initial level
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| Final barrier: | $27.867, 70% of initial level
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| Pricing date: | March 7
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| Settlement date: | March 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17331APX3
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