By Susanna Moon
Chicago, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $2.6 million of autocallable contingent coupon equity linked securities due Nov. 7, 2025 linked to the worse performing of the Euro Stoxx 50 index and the SPDR S&P Biotech 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 8.55% if each underlying asset closes at or above its 60% coupon barrier on the valuation date for that quarter.
The notes are called at par if each asset closes at or above its initial level on any determination date.
The payout at maturity will be par unless either underlying asset closes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index or fund.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying assets: | Euro Stoxx 50 index, SPDR S&P Biotech ETF
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| Amount: | $2.6 million
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| Maturity: | Nov. 7, 2025
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| Coupon: | 8.55% annualized, payable quarterly if each asset closes at or above 60% coupon barrier on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | If each asset closes above barrier, par; otherwise, 1% loss for each 1% decline of worst performing index or fund
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| Call: | At par plus contingent coupon if each asset closes at or above initial level on any valuation date after on year
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| Initial levels: | $77.92 for fund, 3,154.93 for Stoxx
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| Barrier levels: | $46.752 for fund, 1,892.958 for Stoxx, 60% of initial levels
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| Pricing date: | Oct. 29
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| Settlement date: | Oct. 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.35%
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| Cusip: | 17326Y4Y9
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