By William Gullotti
Buffalo, N.Y., April 18 – Citigroup Global Markets Holdings Inc. priced $4.8 million of 10.45% airbag autocallable yield notes due March 28, 2024 linked to the stock performance of Target Corp., according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be payable monthly.
The notes will be called at par if the shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par plus the coupon unless the final share price is less than the conversion price, in which case the payout will be a number of shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Issue: | Airbag autocallable yield notes
|
| Underlying stock: | Target Corp.
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| Amount: | $4,798,000
|
| Maturity: | March 28, 2024
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| Coupon: | 10.45%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless final share price is less than conversion price, in which case investors will receive 7.7991 shares per note
|
| Call: | At par if shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $160.27
|
| Conversion price: | $128.22; 80% of initial share price
|
| Pricing date: | March 30
|
| Settlement date: | March 31
|
| Underwriters: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17331D659
|
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