By Angela McDaniels
Tacoma, Wash., July 8 – Citigroup Global Markets Holdings Inc. priced $1.45 million of 16.5% autocallable equity-linked securities due Dec. 30, 2019 linked to the common stocks of Ciena Corp. and Molina Healthcare, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called at par if the lesser-performing stock closes at or above its initial share price on Sept. 26, Oct. 28 or Nov. 26.
The payout at maturity will be par unless the final share price of the lesser-performing stock is less than its downside threshold price, 75% of its initial share price, in which case investors will receive a number of shares of the lesser-performing stock equal to $1,000 divided by that stock’s initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable equity-linked securities
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| Underlying stocks: | Ciena Corp. (Symbol: CIEN) and Molina Healthcare, Inc. (Symbol: MOH)
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| Amount: | $1.45 million
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| Maturity: | Dec. 30, 2019
|
| Coupon: | 16.5% per year (8.25% for term of securities), payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless lesser-performing stock’s final share price is less than downside threshold price, in which case number of shares of lesser-performing stock equal to $1,000 divided by that stock’s initial share price or equivalent amount in cash
|
| Call: | Automatically at par if lesser-performing stock closes at or above initial share price on Sept. 26, Oct. 28 or Nov. 26
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| Initial share price: | $42.18 for Ciena and $145.35 for Molina
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| Downside threshold: | $31.635 for Ciena and $109.013 for Molina, or 75% of initial share prices
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| Strike date: | June 25
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| Pricing date: | June 26
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| Settlement date: | June 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17324XPY0
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