Chicago, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $760,000 of callable contingent coupon equity-linked securities due April 21, 2031 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a contingent quarterly coupon at an annualized rate of 5% if the index closes at or above its coupon barrier level, 70% of its initial level, on the valuation date for that period.
The notes will be callable in whole at par on any quarterly call valuation date after one year.
If the notes are not redeemed early, the payout will be par unless the index finishes below 60% of its initial level, in which case investors will lose 1% for every 1% that the index declines from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable contingent coupon equity-linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $760,000
|
| Maturity: | April 21, 2031
|
| Contingent coupon: | 5% per year, paid quarterly if the index closes at or above coupon barrier on the valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below its final barrier level, in which case investors will lose 1% for every 1% that the index declines from its initial level
|
| Call option: | In whole at par on any quarterly call valuation date after one year
|
| Initial level: | 4,185.47
|
| Coupon barrier level: | 2,929.829, 70% of initial level
|
| Final barrier level: | 2,511.282, 60% of initial level
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17329F6B5
|
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