New York, Dec. 7 – Citigroup Global Markets Holdings Inc. priced $1.98 million of autocallable contingent coupon equity linked securities due March 26, 2025 linked to the common stocks of Apple Inc., Bank of America Corp. and Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14% paid monthly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically starting June 26 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing stock finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock declines.
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: | Autocallable contingent coupon equity linked securities
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| Underlying stocks: | Apple Inc., Bank of America Corp. and Target Corp.
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| Amount: | $1,977,000
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| Maturity: | March 26, 2025
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| Coupon: | 14% paid monthly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
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| Call: | Automatically starting June 26 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | $164.90 for Apple Inc., $28.60 for Bank of America Corp., $165.63 for Target Corp.
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| Coupon barriers: | $98.940 for Apple Inc., $17.160 for Bank of America Corp., $99.378 for Target Corp., 60% of initial levels
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| Final barriers: | $98.940 for Apple Inc., $17.160 for Bank of America Corp., $99.378 for Target Corp., 60% of initial levels
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| Pricing date: | March 31
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| Settlement date: | April 4
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.25%
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| Cusip: | 17331AAE1
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