By Sarah Lizee
Olympia, Wash., Feb. 12 – Citigroup Global Markets Holdings Inc. priced $1.72 million of contingent income autocallable securities due Feb. 11, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if the underlying ETF closes at or above the 80% downside threshold on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if the ETF closes at or above its initial level on any determination date.
The payout at maturity will be par unless the ETF finishes below its 80% downside threshold, in which case investors will lose 1% for each 1% decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent income autocallable securities
|
| Underlying ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $1,721,600
|
| Maturity: | Feb. 11, 2022
|
| Coupon: | 8.5% annualized, payable quarterly if ETF closes at or above 80% coupon barrier on determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline of ETF
|
| Call: | At par if the ETF closes at or above its initial level on any determination date
|
| Initial level: | $22.34
|
| Downside threshold: | $17.872, 80% of initial level
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 13
|
| Agent: | Citigroup Global Markets Inc.
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 17326W639
|
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