Chicago, May 3 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable equity-linked securities due March 24, 2022 tied to Boeing Co., Microsoft Corp. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 13.75% per year, payable monthly.
After six months, the notes will be automatically redeemed at par plus interest if the worst-performing stock closes greater than or equal to its initial price on any monthly observation date.
If the notes are not called and the final price of each stock is at least 70% of its initial price, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performing stock.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity-linked securities
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| Underlying stocks: | Boeing Co., Microsoft Corp. and Visa Inc.
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| Amount: | $500,000
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| Maturity: | March 24, 2022
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| Coupon: | 13.75% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if each stock’s final price is greater than or equal to final barrier level; otherwise, 1% loss for each 1% decline of the worst performer
|
| Call: | After six months, par plus interest if the worst-performing stock closes at or above its initial price on any monthly observation date
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| Initial prices: | $255.82 for Boeing, $230.35 for Microsoft, $206.90 for Visa
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| Final barrier values: | $179.074 for Boeing, $161.245 for Microsoft, $144.83 for Visa; 70% of initial prices
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| Pricing date: | March 19
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| Settlement date: | March 24
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.6%
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| Cusip: | 17329F4V3
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