Chicago, April 19 – Citigroup Global Markets Holdings Inc. priced $980,000 of callable contingent coupon equity-linked securities due Jan. 26, 2028 linked to the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.7% paid quarterly if the ETF closes at or above its 65% coupon barrier on the related valuation date.
The securities may be called starting April 19 at par and on any subsequent quarterly review date.
The payout at maturity will be par if the ETF ends at or above its 50% final barrier. Otherwise, investors will lose 1% for every 1% that the ETF declines, payable in shares or cash at Citi’s option.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Callable contingent coupon equity-linked securities
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| Underlying ETF: | VanEck Vectors Oil Services ETF
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| Amount: | $980,000
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| Maturity: | Jan. 26, 2028
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| Coupon: | 12.7% annual rate, paid quarterly if the ETF closes at or above its 65% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above final barrier par; 1% loss for every 1% that ETF declines if it ends below final barrier, payable as 3.46945 shares or cash at the issuer’s option
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| Call: | Starting April 19 at par and on any subsequent quarterly review date
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| Initial level: | $288.23
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| Coupon barrier: | $187.35, 65% of initial level
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| Final barrier: | $144.115, 50% of initial level
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| Equity ratio: | 3.46945 sharea
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 26
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17331APD7
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