By Wendy Van Sickle
Columbus, Ohio, Nov. 26 – Citigroup Global Markets Holdings Inc. priced $855,000 of contingent coupon autocallable yield notes due May 21, 2020 linked to Microsoft Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.5% if the underlying stock closes at or above its 78% coupon barrier on the observation date for that period.
The notes will be called at par if the stock closes at or above on any review date.
The payout at maturity will be par unless the stock closes below its 78% barrier level, in which case investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Underlying assets: | Microsoft Corp.
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| Amount: | $855,000
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| Maturity: | May 21, 2020
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| Coupon: | 7.5% annualized, payable quarterly if stock closes at or above 78% coupon barrier on observation date for that period
|
| Price: | Par
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| Payout at maturity: | Par unless stock closes below 78% barrier level, in which case 9.23446 Microsoft shares
|
| Call: | At par if stock closes at or above on any review date
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| Initial level: | $108.29
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| Barrier level: | $84.466, 78% of initial level
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| Pricing date: | Nov. 16
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| Settlement date: | Nov. 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17324XMC1
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