By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – Citigroup Global Markets Holdings Inc. priced $1.94 million of autocallable contingent coupon equity-linked securities due Jan. 30, 2025 linked to the least performing of the Euro Stoxx 50 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at the rate of 6% per year if the least-performing index closes at or above its coupon barrier value, 80% of its initial share price, on the valuation date for that period, plus any previously unpaid coupon.
The notes will be automatically called at par plus the coupon if the least-performing index closes at or above its initial price on any quarterly autocall date after six months.
The payout at maturity will be par unless the least-performing index finishes below its final barrier value, 80% of its initial share price, in which case investors will be exposed to the decline of the least performing index.
The notes are guaranteed by Citigroup Inc.
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 contingent coupon equity-linked securities
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| Underlying indexes: | Euro Stoxx 50 index and S&P 500 index
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| Amount: | $1.94 million
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| Maturity: | Jan. 30, 2025
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| Coupon: | 6% per year, payable each quarter if least-performing index closes at or above coupon barrier value on valuation date for that period, plus any previously unpaid coupon
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| Price: | Par
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| Payout at maturity: | Par unless least-performing index finishes below final barrier value, in which case investors will be exposed to the decline of the least performing index
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| Call: | Automatically at par if least-performing index closes at or above initial share price on any quarterly valuation date after six months
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| Initial share prices: | 3,536.38 for Stoxx, 3,750.77 for S&P
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| Coupon barriers: | 2,829.104 for Stoxx, 3,000.616 for S&P; 80% of initial share prices
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| Final barriers: | 2,829.104 for Stoxx, 3,000.616 for S&P; 80% of initial share prices
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| Pricing date: | Jan. 27
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| Settlement date: | Feb. 1
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.75%
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| Cusip: | 17328YB60
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