By Susanna Moon
Chicago, Oct. 8 – Citigroup Global Markets Holdings Inc. priced $1.37 million of autocallable contingent coupon equity-linked securities due Oct. 4, 2021 linked to the worse performing of the common stocks of Cisco Systems, Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.1% if each stock closes at or above its 65% coupon barrier on the review date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any review date after one year.
The payout at maturity will be par unless either stock finishes below its 65% barrier level, in which case investors will be fully exposed to any losses of the worse performing stock.
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 Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stocks: | Cisco Systems, Inc. (Symbol: CSCO), Microsoft Corp. (Symbol: MSFT)
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| Amount: | $1,369,000
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| Maturity: | Oct. 4, 2021
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| Coupon: | 8.1% annualized, payable quarterly if each stock closes at or above 65% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either stock closes below 65% barrier, in which case 1% loss for each 1% decline of worse performing stock
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| Call option: | At par if each stock closes at or above its initial level on any quarterly review date beginning March 2019
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| Initial levels: | $48.41 for Cisco and $113.98 for Microsoft
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| Trigger levels: | $31.467 for Cisco and $74.087 for Microsoft, 65% of initial levels
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17326YP59
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