By Wendy Van Sickle
Columbus, Ohio, March 4 – Citigroup Global Markets Holdings Inc. priced $1.29 million of autocallable contingent coupon equity-linked securities due March 4, 2021 linked to the least performing of the VanEck Vectors Junior Gold Miners ETF and the VanEck Vectors Gold Miners 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 7% if each ETF closes at or above its 80% coupon barrier on the valuation date for that period.
The notes will be called at par if each ETF closes at or above its initial level on any quarterly review date after six months.
The payout at maturity will be par unless either ETF finishes below its 80% trigger level, in which case investors will be fully exposed to any losses of the worse performing ETF.
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 ETFs: | VanEck Vectors Junior Gold Miners ETF and the VanEck Vectors Gold Miners ETF
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Amount: | $1,285,000
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Maturity: | March 4, 2021
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Coupon: | 7% annualized, payable quarterly if each ETF closes at or above 80% coupon barrier on valuation date for that period
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Price: | Par
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Payout at maturity: | If each ETF closes above 80% trigger, par; otherwise, 1% loss for each 1% decline of worse performing ETF
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Call: | At par plus contingent coupon if each ETF closes at or above initial level on any quarterly review date after six months
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Initial levels: | $22.35 for Gold Miners, $32.75 for Junior Gold Miners
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Coupon barriers: | $17.88 for Gold Miners, $26.20 for Junior Gold Miners, 80% of initial levels
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Trigger levels: | $17.88 for Gold Miners, $26.20 for Junior Gold Miners, 80% of initial levels
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Pricing date: | Feb. 27
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Settlement date: | March 4
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17324XBH9
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