By Kiku Steinfeld
Chicago, Oct. 26 – Citigroup Global Markets Holdings Inc. priced $55,000 of callable contingent coupon equity linked securities due Feb. 28, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5% paid quarterly if the index closes at or above its 60% coupon barrier on the related valuation date.
The securities may be called starting May 24 at par and on any subsequent quarterly review date.
The payout at maturity will be par if the index ends at or above its 60% final barrier. Otherwise investors will lose 1% for every 1% that the index 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 index: | S&P 500 index
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Amount: | $55,000
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Maturity: | Feb. 28, 2029
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Coupon: | 5% paid quarterly if the index 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 index finishes at or above final barrier par; 1% loss for every 1% that index declines if it ends below final barrier
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Call: | Starting May 24 at par and on any subsequent quarterly review date
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Initial level: | 4,288.70
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Coupon barrier: | 2,573.22, 60% of initial level
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Final barrier: | 2,573.22, 60% of initial level
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Pricing date: | Feb. 24
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Settlement date: | Feb. 28
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.75%
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Cusip: | 17330ALQ3
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