New Issue: Citigroup prices $2.86 million contingent coupon equity linked autocalls on two stocks

New York, April 17 – Citigroup Global Markets Holdings Inc. priced $2.86 million of autocallable contingent coupon equity linked securities due April 16, 2026 linked to the common stocks of McDonald's Corp. and Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 9%, paid quarterly, if the worst performing stock closes at or above its 55% coupon barrier on the related valuation date, plus any previously unpaid coupons.

The securities will be called automatically at par if the closing price of the worst performing stock is greater than or equal to its initial price on any quarterly valuation date.

If the worst performing stock finishes at or above its 55% final barrier, the payout at maturity will be par.

Otherwise, investors will receive a number of shares of the worst performing stock equal to $1,000 divided by that stock’s initial level or, at the issuer’s option, the cash equivalent.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity linked securities
Underlying stocks:	McDonald's Corp. and Goldman Sachs Group, Inc.
Amount:	$2,862,000
Maturity:	April 16, 2026
Coupon:	9%, paid quarterly if the worst performing stock closes at or above its 55% coupon barrier on the related valuation date, plus any previously unpaid coupons
Price:	Par
Payout at maturity:	If worst performing stock finishes at or above final barrier, par; otherwise, receive a number of shares of the worst performing stock per security equal to its equity ratio or, at the issuer’s option, the cash equivalent
Call:	Automatically at par if the closing price of the worst performing stock is greater than or equal to its initial price on any quarterly valuation date
Initial levels:	$284.48 for McDonald's Corp., $327.37 for Goldman Sachs Group, Inc.
Coupon barriers:	$156.464 for McDonald's Corp., $180.054 for Goldman Sachs Group, Inc., 55% of initial levels
Final barriers:	$156.464 for McDonald's Corp., $180.054 for Goldman Sachs Group, Inc., 55% of initial levels
Equity ratios:	3.51519 for McDonald's Corp., 3.05465 for Goldman Sachs Group, Inc., shares delivered per security
Pricing date:	April 11
Settlement date:	April 14
Agent:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17331AGN5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.