By Wendy Van Sickle
Columbus, Ohio, June 12 – Citigroup Global Markets Holdings Inc. priced $2.21 million of autocallable contingent coupon equity-linked securities due Dec. 3, 2020 linked to Amazon.com, Inc. 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 8% if the stock closes at or above its 80% 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 review.
The payout at maturity will be par unless the stock finishes below its 80% barrier level, in which case investors will receive 2.75282 shares.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $2,205,000
|
| Maturity: | Dec. 3, 2020
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| Coupon: | 8% annualized, payable quarterly if stock closes at or above 80% coupon barrier on review date for that quarter
|
| Price: | Par of $5,000
|
| Payout at maturity: | Par unless any stock closes below 80% barrier, in which case 2.75282 shares
|
| Call option: | At par if each stock closes at or above its initial level on any quarterly review date beginning in August 2019
|
| Initial level: | $1,816.32
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| Trigger level: | $1,453.056, 80% of initial level
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17324XNK2
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