By Taylor Fox
New York, Dec. 18 – Citigroup Global Markets Holdings Inc. priced $265,000 of autocallable contingent coupon equity-linked securities due Dec. 16, 2021 linked to the stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annualized rate of 7% plus any previously unpaid coupon if the stock closes at or above the coupon barrier price, 80% of the initial price, on the valuation date for that period.
The notes will be automatically called at par of $5,000 plus the contingent coupon if the stock closes at or above the initial share price on any quarterly valuation date.
If the notes are not called and the final share price is greater than or equal to the 80% final barrier price, the payout at maturity will be par plus the final coupon(s).
Otherwise, investors will be fully exposed to the decline of the stock price, payable in either shares or cash.
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.
|
| Amount: | $265,000
|
| Maturity: | Dec. 16, 2021
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| Coupon: | 7% annually, payable quarterly, if stock closes at or above coupon barrier price on valuation date for that period, plus any previously unpaid coupons
|
| Price: | Par of $5,000
|
| Payout at maturity: | If notes are not called and final share price is greater than or equal to final barrier price, par plus the final coupon(s); otherwise, full exposure to decline in the stock, payable in shares or cash
|
| Call: | Automatically at par plus contingent coupon if stock closes at or above initial level on any quarterly valuation date
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| Initial share price: | $1,774.80
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| Coupon barrier price: | $1,419.84, 80% of initial level
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| Final barrier price: | $1,419.84, 80% of initial level
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| Pricing date: | Dec. 11
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| Settlement date: | Dec. 16
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17328NAH1
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