Chicago, Oct. 28 – Citigroup Global Markets Holdings Inc. priced $165,000 of autocallable contingent coupon equity-linked securities due March 5, 2025 linked to the worst performing of the Russell 2000 index and the S&P 500 Dynamic Participation index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent monthly coupon at an annual rate of 10% if each index closes at or above the coupon barrier level, 85% of the initial level, on the valuation date for that period.
The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any quarterly valuation date starting after six months.
If the notes are not called and each index finishes at or above its buffer level, 85% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond the 15% buffer.
Citigroup Global Markets Inc. is the underwriter.
| 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: | S&P 500 Dynamic Participation index, Russell 2000 index
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| Amount: | $165,000
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| Maturity: | March 5, 2025
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| Coupon: | 10% annualized rate, payable monthly if each index closes at or above coupon barrier level, on valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par if each index finishes at or above buffer level; otherwise, investors will lose 1% for every 1% decline of the worst performer beyond the buffer
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| Call: | Automatically at par plus coupon if each index closes at or above initial level on any quarterly valuation date starting after six months
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| Initial levels: | 671.45 for S&P, 2,048.089 for Russell
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| Coupon barrier levels: | 570.733 for S&P, 1,740.876 for Russell; 85% of initial levels
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| Buffer levels: | 570.733 for S&P, 1,740.876 for Russell; 85% of initial levels
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330AAB8
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