By Wendy Van Sickle
Columbus, Ohio, Aug. 16 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon equity linked securities due Aug. 4, 2023 linked to the worse performing the Euro Stoxx Banks index, the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 18.45% if each underlying asset closes at or above its 80% coupon barrier on the observation date.
The notes will be called at par if each asset closes at or above its initial level on any determination date after one year.
The payout at maturity will be par unless any underlying finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worst performing fund.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Global Markets Inc.
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Issue: | Autocallable contingent coupon equity linked securities
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Underlying assets: | Euro Stoxx Banks index, SPDR S&P Oil & Gas Exploration & Production
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Amount: | $1 million
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Maturity: | Aug. 4, 2023
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Coupon: | 18.45% annualized, payable quarterly if each asset closes at or above 80% coupon barrier on observation date
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Price: | Par
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Payout at maturity: | If each finishes above barrier level, par; otherwise, 1% loss for each 1% decline of worse performing asset
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Call: | At par if each asset closes at or above its initial level on any determination date beginning in August 2019
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Initial levels: | 115.52 for Stoxx, $42.34 for ETF
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Coupon barriers: | 92.416 for Stoxx, $33.872 for ETF, 80% of initial levels
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Barriers: | 69.312 for Stoxx, $25.404 for ETF, 60% of initial levels
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Pricing date: | Aug. 1
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Settlement date: | Aug. 6
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17324CYS9
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