By Wendy Van Sickle
Columbus, Ohio, Sept. 3 – Citigroup Global Markets Holdings Inc. priced $546,000 autocallable contingent coupon equity-linked securities due March 4, 2027 tied to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a monthly contingent coupon at an annualized rate of 7.5% if the ETF closes above 80% of its initial level on a relevant valuation date.
The notes will automatically be called at par plus the coupon if the ETF finishes above its initial value on any valuation date after one year.
The payout at maturity will be par plus the coupon if the ETF finishes above its 80% buffer value.
Otherwise, investors will be exposed to the ETF decline beyond 20%.
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 ETF: | VanEck Vectors Gold Miners
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| Amount: | $546,000
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| Maturity: | March 4, 2027
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| Coupon: | 7.5% annual rate, payable monthly if ETF finishes above 80% coupon barrier on relevant valuation date
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon if ETF finishes above 80% buffer value, otherwise exposure to losses of ETF beyond 20%
|
| Call: | Automatically at par plus coupon if ETF closes above initial level on any valuation date after one year
|
| Initial level: | $30.56
|
| Coupon barrier: | $24.448, 80% of initial level
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| Buffer level: | $24.448, 80% of initial level
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 4.25%
|
| Cusip: | 17327TJY3
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