By Wendy Van Sickle
Columbus, Ohio, May 26 – Citigroup Global Markets Holdings Inc. priced $1.31 million of autocallable contingent coupon equity-linked securities due June 23, 2023 linked to the stock performance of Amazon.com, 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 8% if the stock closes at or above the coupon barrier price, 55% of the initial price, on the valuation date for that period, plus any previously unpaid coupon.
The notes will be automatically called at par plus the contingent coupon if the stock close at or above the initial share price on any quarterly call valuation date.
If the notes are not called and the final share price is greater than or equal to the 55% final barrier price, the payout at maturity will be par plus the final coupon. Otherwise, investors will receive 2.32361 Amazon shares.
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: | Amazon.com, Inc.
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| Amount: | $1,305,000
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| Maturity: | June 23, 2023
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| Coupon: | 8% annually, payable quarterly, if stock closes at or above coupon barrier price on valuation date for that period, plus any previously unpaid coupon
|
| 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 final coupon; otherwise, 2.32361 Amazon shares
|
| Call: | Automatically at par plus contingent coupon if stock closes at or above initial level on any quarterly call valuation date
|
| Initial share price: | $2,151.82
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| Coupon barrier price: | $1,183.501; 55% of initial level
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| Final barrier price: | $1,183.501; 55% of initial level
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| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
| Cusip: | 17330DCJ3
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