Chicago, May 19 – Citigroup Global Markets Holdings Inc. priced $5.24 million of contingent income autocallable securities due May 15, 2026 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.15%, paid quarterly, if the underlying stock closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically at par on any quarterly potential redemption date if the stock closes above its initial level.
At maturity the payout will be par unless the stock closes below its 75% downside threshold level in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a selected dealer and structurer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Apple Inc.
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| Amount: | $5.24 million
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| Maturity: | May 15, 2026
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| Coupon: | 11.15% annual rate, paid quarterly, if the underlying stock closes at or above its 75% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if stock closes above initial level on any quarterly potential redemption date
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| Initial level: | $172.57
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| Downside threshold: | $129.428, 75% of initial level
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| Pricing date: | May 12
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| Settlement date: | May 17
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| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as selected dealer and structurer
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| Fees: | 2.25%
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| Cusip: | 17331HGN0
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