New Issue: Citigroup prices $8.7 million contingent coupon autocallables on two stocks

By Wendy Van Sickle

Columbus, Ohio, June 19 – Citigroup Global Markets Holdings Inc. priced $8.7 million of autocallable contingent coupon equity-linked securities due June 21, 2021 linked to the least performing of the common stocks of Alphabet Inc. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at the rate of 10% per year if the least-performing stock closes at or above its coupon barrier value, 71% of its initial share price, on the valuation date for that quarter. The coupon payment will be supplemented by any previously unpaid coupons.

The notes will be automatically called at par if the least-performing stock closes at or above its initial price on any quarterly call valuation date.

The payout at maturity will be par unless the least-performing stock finishes below its final barrier value, 71% of its initial share price, in which case investors will be fully exposed to the decline of the lesser-performing stock.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity-linked securities
Underlying stocks:	Alphabet Inc. and Amazon.com, Inc.
Amount:	$8.7 million
Maturity:	June 21, 2021
Coupon:	10% per year, payable quarterly if least-performing stock closes at or above coupon barrier value on valuation date for that quarter; previously unpaid coupons are also paid
Price:	Par
Payout at maturity:	Par unless least-performing stock finishes below final barrier value, in which case full exposure to decline of lesser-performing stock
Call:	Automatically at par if the least-performing stock closes at or above its initial price on any quarterly call valuation date
Initial share prices:	$1,446.47 for Alphabet, $2,615.27 for Amazon
Coupon barriers:	$1,026.994 for Alphabet, $1,856.842 for Amazon, or 71% of initial share prices
Barrier values:	$1,026.994 for Alphabet, $1,856.842 for Amazon, or 71% of initial share prices
Pricing date:	June 16
Settlement date:	June 19
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17324XZE3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.