By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – Citigroup Global Markets Holdings Inc. sold $1.66 million of market-linked securities – autocallable with contingent coupon and contingent downside due Dec. 30, 2026 linked to the VanEck Gold Miners ETF and the iShares Silver trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly interest payment at the rate of 11% per year if each ETF closes at or above the coupon barrier level, 70% of the initial level, on the observation date for that period.
The notes will be automatically called at par plus coupon if each ETF closes at or above initial levels on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon if each ETF finishes at or above its 70% threshold level.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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Underlying ETFs: | VanEck Gold Miners ETF, iShares Silver trust
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Amount: | $1,664,000
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Maturity: | Dec. 30, 2026
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Coupon: | 11% annual rate, payable quarterly if each ETF closes at or above its coupon barrier level on the relevant observation date
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Price: | Par
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Payout at maturity: | Par plus final coupon if each ETF finishes at or above threshold level; otherwise, full exposure to decline of worst performer from initial level
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Call: | Automatically at par plus coupon if each ETF closes at or above initial levels on any quarterly observation date after six months
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Initial levels: | $31.17 for Gold Miners, $21.99 for iShares Silver
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Coupon barriers: | $21.819 for Gold Miners, $15.393 for iShares Silver; 70% of initial levels
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Threshold levels: | $21.819 for Gold Miners, $15.393 for iShares Silver; 70% of initial levels
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Pricing date: | Dec. 28
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Settlement date: | Jan. 3
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Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
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Fees: | 2.325%
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Cusip: | 17291T5G9
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