By Wendy Van Sickle
Columbus, Ohio, June 19 – Citigroup Global Markets Holdings Inc. priced $3.41million of autocallable contingent coupon equity-linked securities due June 21, 2021 linked to the common stock of Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 15.5% per year if the stock closes at or above its coupon barrier value, 70% of its initial share price, on the valuation date for that quarter.
The notes will be automatically called at par if the stock closes at or above its initial price on any quarterly call valuation date.
The payout at maturity will be par unless the stock finishes below its final barrier value, 70% of its initial share price, in which case investors will receive 4.77122 shares of the stock.
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 stock: | Goldman Sachs Group, Inc.
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| Amount: | $3,405,000
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| Maturity: | June 21, 2021
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| Coupon: | 15.5% per year, payable quarterly if stock closes at or above coupon barrier value on valuation date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless stock finishes below final barrier value, in which case 4.77122 Goldman shares
|
| Call: | Automatically at par if the stock closes at or above its initial price on any quarterly call valuation date
|
| Initial share price: | $209.59
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| Coupon barrier: | $146.713, 70% of initial share price
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| Barrier values: | $146.713, 70% of initial share price
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| Pricing date: | June 16
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| Settlement date: | June 19
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17324XL73
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