By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – Citigroup Global Markets Holdings Inc. priced $10 million of 8% buffered fixed coupon autocallable yield notes due Aug. 3, 2021 linked to the class A ordinary shares of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called at par if the stock closes at or above the initial share price on any monthly observation date.
The payout at maturity will be par unless the stock finishes below the 80% buffer level, in which case investors will receive 6.18751 Microsoft shares.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffered fixed-coupon autocallable yield notes
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| Underlying stock: | Microsoft Corp.
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| Amount: | $10 million
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| Maturity: | Aug. 3, 2021
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| Coupon: | 8% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below buffer level, in which case investors will receive 6.18751 Microsoft shares
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| Call: | Automatically at par if stock closes at or above initial share price on any monthly observation date
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| Initial share price: | $202.02
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| Buffer level: | $161.616, 80% of initial share price
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| Pricing date: | July 29
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| Settlement date: | Aug. 3
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| Agent: | Citigroup Global Markets Inc.
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.2%
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| Cusip: | 17324XU73
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