By Sarah Lizee
Olympia, Wash., Oct. 4 – Citigroup Global Markets Holdings Inc. priced $4.89 million of autocallable contingent coupon equity-linked securities due Oct. 3, 2019 linked to Nvidia Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above its 74% coupon barrier on the review date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly review date.
The payout at maturity will be par unless the stock finishes below its 74% barrier level, in which case investors will receive a number of shares equal to the principal amount divided by the initial share price.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Global Markets Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | Nvidia Corp.
|
| Amount: | $4.89 million
|
| Maturity: | Oct. 3, 2019
|
| Coupon: | 10% annualized, payable quarterly if stock closes at or above 74% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock closes below 74% barrier, in which case 3.55847 shares
|
| Call option: | At par if stock closes at or above its initial level on any quarterly review date
|
| Initial level: | $281.02
|
| Barrier level: | $207.955, 74% of initial level
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| Pricing date: | Sept. 28
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| Settlement date: | Oct. 3
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.1%
|
| Cusip: | 17324XGP9
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