Chicago, July 14 – Citigroup Global Markets Holdings Inc. priced $1.66 million of autocallable contingent coupon equity-linked securities due July 6, 2026 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 17.3% paid quarterly if the stock closes at or above its 70% coupon barrier level on the related valuation date.
The securities will be called automatically at par on any quarterly valuation date if the level of the stock is greater than or equal to its initial level.
If the stock finishes at or above its 70% final barrier level the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | Freeport-McMoRan Inc.
|
| Amount: | $1,660,000
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| Maturity: | July 6, 2026
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| Coupon: | 17.3% annual rate, paid quarterly if the stock closes at or above its 70% coupon barrier level on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above final barrier level par; 1% loss for every 1% that stock declines if it ends below final barrier level
|
| Call: | Automatically at par on any quarterly valuation date if the level of the stock is greater than or equal to its initial level
|
| Initial level: | $38.98
|
| Coupon barrier level: | $27.286, 70% of initial level
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| Final barrier level: | $27.286, 70% of initial level
|
| Pricing date: | July 10
|
| Settlement date: | July 13
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17291RM74
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