By Wendy Van Sickle
Columbus, Ohio, May 1 – Citigroup Global Markets Holdings Inc. priced $695,000 of autocallable contingent coupon equity-linked securities due May 4, 2021 linked to the common stock of Alphabet 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 8% per year if the stock closes at or above its coupon barrier value, 78% of its initial share price, on the valuation date for that period, in which event any previously unpaid contingent coupon will also be paid.
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 78% barrier level, the payout will be par. Otherwise, investors will receive 3.93434 Alphabet shares.
The notes will be 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 stock: | Alphabet Inc.
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| Amount: | $695,000
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| Maturity: | May 4, 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, in which case any previously unpaid contingent coupon will also be paid
|
| Price: | Par
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| Payout at maturity: | Par unless final share price is less than barrier level, in which case 3.93434 Alphabet shares
|
| 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: | $1,270.86
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| Coupon barrier: | $991.271, 78% of initial share price
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| Barrier value: | $991.271, 78% of initial share price
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| Pricing date: | April 27
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| Settlement date: | May 4
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
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| Cusip: | 17324XG46
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