By Kiku Steinfeld
Chicago, Oct. 5 – Citigroup Global Markets Holdings Inc. priced $1.34 million of 9.15% autocallable equity-linked securities due Feb. 21, 2025 tied to the stock performance of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes will be automatically redeemed at par plus the coupon if the stock closes at or above its initial level on any quarterly call observation date after one year.
The payout at maturity will be par unless the stock finishes below its final barrier value, 70% of its initial value, in which case investors will receive a number of shares equal to $1,000 divided by the stock’s initial share price or the cash equivalent at the issuer’s option.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable equity-linked securities
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Underlying stocks: | Nvidia Corp.
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Amount: | $1.34 million
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Maturity: | Feb. 21, 2025
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Coupon: | 9.15%, payable monthly
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Price: | Par of $10,000
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Payout at maturity: | Par unless the stock finishes below final barrier value, in which case investors will receive 37.74297 shares per security or the cash equivalent at the issuer’s option
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Call: | At par plus interest if the stock closes at or above its initial level on any quarterly call observation date after one year
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Initial values: | $264.95
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Final barrier values: | $185.46; 70% of initial values
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Pricing date: | Feb. 15
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Settlement date: | Feb. 18
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17328N2N7
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