By Wendy Van Sickle
Columbus, Ohio, March 20 – Citigroup Global Markets Holdings Inc. priced $250,000 of autocallable contingent coupon equity-linked securities due March 15, 2021 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 10.125% per year if the stock closes at or above its coupon barrier value, 85% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par plus the coupon if the stock closes at or above its initial share price on any quarterly valuation date.
If the final share price is greater than or equal to the 85% buffer level, the payout will be par. Otherwise, investors will be fully exposed to the decline.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| 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 stock: | Apple Inc.
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| Amount: | $250,000
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| Maturity: | March 15, 2021
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| Coupon: | 10.125% per year, payable each quarter if stock closes at or above coupon barrier value on valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless final share price is less than buffer level, in which case full exposure to decline
|
| Call: | Automatically at par plus coupon if stock closes at or above initial share price on any quarterly valuation date
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| Initial share price: | $266.17
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| Coupon barrier: | $226.245 or 85% of initial share price
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| Buffer value: | $226.245 or 85% of initial share price
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| Pricing date: | March 10
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| Settlement date: | March 13
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.2%
|
| Cusip: | 17328VDR8
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