By Wendy Van Sickle
Columbus, Ohio, March 25 – Citigroup Global Markets Holdings Inc. priced $201,000 of autocallable contingent coupon equity-linked securities due March 23, 2021 linked to the common stock of Square 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 23% per year if the stock closes at or above its coupon barrier value, 40% 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 40% barrier level, the payout will be par. Otherwise, investors will receive 25.31646 Square shares.
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: | Square Inc.
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Amount: | $201,000
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Maturity: | March 23, 2021
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Coupon: | 23% 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 barrier level, in which case 25.31646 Square shares
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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: | $39.50
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Coupon barrier: | $15.80 or 40% of initial share price
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Barrier value: | $15.80 or 40% of initial share price
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Pricing date: | March 18
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Settlement date: | March 23
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17324XWS5
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