New Issue: Citi prices $1.04 million autocallable contingent coupon equity notes on Nasdaq, Dow, S&P

By Taylor Fox

New York, Oct. 26 – Citigroup Global Markets Holdings Inc. priced $1.04 million of autocallable contingent coupon equity-linked securities due Sept. 28, 2021 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each quarter, the notes pay a contingent coupon at the rate of 9.3% per year if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly call observation date.

The payout at maturity will be par if all indexes finish above their initial levels or if no underlying index has closed below its 60% knock-in level during the life of the notes, in which case investors will be exposed to the decline of the worst performer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity-linked securities
Underlying indexes:	Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
Amount:	$1,042,000
Maturity:	Sept. 28, 2021
Coupon:	Each quarter, notes pay contingent coupon at rate of 9.3% per year unless any index closes below coupon barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless any index finishes below initial value and any index has every finished below its knock-in level, in which case investors will be fully exposed to the losses of the worst performer
Call:	Automatically at par if each index closes at or above initial level on any quarterly call observation date
Initial levels:	10,833.33 for Nasdaq, 26,763.13 for Dow, 3,236.92 for S&P
Coupon barrier levels:	6,499.998 for Nasdaq, 16,057.878 for Dow, 1,942.152 for S&P; 60% of initial levels
Final barrier levels:	6,499.998 for Nasdaq, 16,057.878 for Dow, 1,942.152 for S&P; 60% of initial levels
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.725%
Cusip:	17328WMU9

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