New York, Sept. 26 – Citigroup Global Markets Holdings Inc. priced $1 million of callable contingent coupon equity linked securities due Sept. 26, 2024 linked to the common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.05%, paid quarterly, if the stock closes at or above its 75% coupon barrier on the related valuation date.
The securities may be called at par on any quarterly review date.
The payout at maturity will be par if the stock ends at or above its 75% final barrier. Otherwise, investors will lose 1% for every 1% that the 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: | Callable contingent coupon equity linked securities
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| Underlying stock: | Alphabet Inc.
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| Amount: | $1 million
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| Maturity: | Sept. 26, 2024
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| Coupon: | 12.05%, paid quarterly if the stock closes at or above its 75% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, 1% loss for every 1% that stock declines from initial level
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| Call option: | At par on any quarterly review date
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| Initial level: | $130.44
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| Coupon barrier: | $97.83, 75% of initial level
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| Final barrier: | $97.83, 75% of initial level
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 26
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17331AQU8
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