By Sarah Lizee
Olympia, Wash., Aug. 6 – Citigroup Global Markets Holdings Inc. priced $4.5 million of callable contingent coupon notes due Nov. 2, 2021 linked to the Energy Select Sector SPDR fund and Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent monthly coupon at an annualized rate of 20% if each asset closes at or above its coupon barrier, 66% of its initial level, on the review date for that period.
The notes will be callable at par monthly.
If the notes are not called and the final level of each asset is greater than or equal to its 66% final barrier level, the payout at maturity will be par plus any contingent coupon due. Otherwise, investors will be fully exposed to the decline of the worse performing asset.
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: | Callable contingent coupon equity-linked securities
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| Underlying assets: | Energy Select Sector SPDR fund and Intel Corp.
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| Amount: | $4.5 million
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| Maturity: | Nov. 2, 2021
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| Coupon: | Contingent monthly coupon at an annualized rate of 20% if each asset closes at or above its coupon barrier on the review date for that period
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| Price: | Par
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| Payout at maturity: | If final level of each asset is greater than or equal to barrier level, par plus any coupon; otherwise, full exposure to decline of lesser performing asset
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| Call option: | Callable at par monthly
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| Initial levels: | $37.51 for ETF, $50.59 for stock
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| Coupon barrier levels: | $24.757 for ETF, $33.389 for stock, 66% of initial levels
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| Barrier levels: | $24.757 for ETF, $33.389 for stock, 66% of initial levels
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| Pricing date: | July 28
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| Settlement date: | July 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17328WBV9
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