Chicago, April 22 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable contingent coupon equity-linked securities due Jan. 28, 2027 linked to the common stock of Lyft, Inc., 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 annualized rate of 27.75% if Lyft stock closes at or above the barrier price, 60% of the initial price, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if Lyft shares close at or above the initial share price on any quarterly valuation date after six months.
If the notes are not called, the payout at maturity will be par unless the shares finish below their 50% barrier level, in which case investors will be fully exposed to the losses of the stock.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | Lyft, Inc.
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| Amount: | $500,000
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| Maturity: | Jan. 28, 2027
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| Coupon: | 27.75% per year, payable quarterly if closing price of Lyft shares is greater than or equal to barrier price on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless shares finish below barrier level, in which case full exposure to losses of stock
|
| Call: | At par plus contingent coupon if closing share price is greater than or equal to initial share price on any quarterly valuation date after six months
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| Initial share price: | $12.76
|
| Coupon barrier price: | $7.656, 60% of initial share price
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| Barrier price: | $6.38, 50% of initial share price
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| Strike date: | Jan. 22
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| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 26
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
|
| Cusip: | 17291LFV2
|
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