By Wendy Van Sickle
Columbus, Ohio, June 18 – Citigroup Global Markets Holdings Inc. priced $4.09 million of autocallable contingent coupon equity-linked securities due June 16, 2023 linked to Alerian MLP exchange-traded fund 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 14% if the ETF closes at or above its 85% coupon barrier on the observation date for that quarter.
The notes will be called at par if the ETF closes at or above its initial level on any quarterly observation date after six months
The payout at maturity will be par unless the ETF finishes below its 65% barrier level, in which case the payout will be par plus the return with full exposure to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
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 ETF: | Alerian MLP ETF
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Amount: | $4,085,000
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Maturity: | June 16, 2023
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Coupon: | 14% annualized, payable quarterly if ETF closes at or above its 85% coupon barrier on observation date for that quarter
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Price: | Par
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Payout at maturity: | Par unless ETF finishes below final barrier, in which case full exposure to loss
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Call: | At par if ETF closes at or above its initial price on any quarterly call observation date after six months
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Initial level: | $10.51
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Coupon barrier level: | $8.934, 85% of initial level
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Final barrier level: | $6.832, 65% of initial level
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Pricing date: | June 13
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Settlement date: | June 18
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Agent: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17324CW93
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