By Wendy Van Sickle
Columbus, Ohio, April 14 – Citigroup Global Markets Holdings Inc. priced $363,000 of autocallable contingent coupon equity-linked securities due April 12, 2021 linked to the common stock of Procter & Gamble Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 8% per year if the stock closes at or above its coupon barrier value, 75% 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 75% barrier level, the payout will be par. Otherwise, investors will receive 8.86761 Procter & Gamble 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: | Procter & Gamble Co.
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| Amount: | $363,000
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| Maturity: | April 12, 2021
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| Coupon: | 8% per year, payable each quarter if stock closes at or above coupon barrier value on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | Par unless final share price is less than barrier level, in which case 8.86761 Procter & Gamble 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: | $112.77
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| Coupon barrier: | $84.578, 75% of initial share price
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| Barrier value: | $84.578, 75% of initial share price
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| Pricing date: | April 7
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| Settlement date: | April 13
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
| Cusip: | 17324XG79
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