By Wendy Van Sickle
Columbus, Ohio, March 25 – Citigroup Global Markets Holdings Inc. priced $1.15 million of autocallable contingent coupon equity-linked securities due March 18, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 18.3% if the index closes at or above the barrier level, 75% of the initial price, on the valuation date for that quarter.
The notes will be called at par plus the contingent coupon if the index closes at or above the initial level on any quarterly valuation date other than the final one.
If the index finishes at or above the barrier level, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to the index decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying index: | S&P 500
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| Amount: | $1.15 million
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| Maturity: | March 18, 2021
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| Coupon: | 18.3% per year, payable quarterly if index closes at or above barrier level on valuation date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par in cash unless index finishes below barrier level, in which case full exposure to loss
|
| Call: | At par plus contingent coupon if index closes at or above initial level on any quarterly valuation date other final one
|
| Initial level: | 2,711.02
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| Barrier level: | 2,033.265, 75% of initial level
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| Pricing date: | March 13
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| Settlement date: | March 18
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17328VCB4
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