New York, May 9 – Citigroup Global Markets Holdings Inc. priced $2 million of callable contingent coupon equity linked securities due Oct. 10 linked to the common stock of Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent quarterly coupon of 14.6% per year, or 6.08% for the term, if the stock closes at or above its 66% coupon barrier on the related valuation date.
The securities may be called at par on Aug. 3.
The payout at maturity will be par if the stock ends at or above its 66% final barrier.
Otherwise, investors will receive a number of shares per security equal to $1,000 divided by the 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Callable contingent coupon equity linked securities
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| Underlying stock: | Charles Schwab Corp.
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| Amount: | $2 million
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| Maturity: | Oct. 10
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| Coupon: | 14.6% per year, or 6.08% for the term, paid quarterly if the stock closes at or above its 66% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, receive 20.82032 shares per security or the cash equivalent
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| Call option: | At par on Aug. 3
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| Initial level: | $48.03
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| Coupon barrier: | $31.70, 66% of initial level
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| Final barrier: | $31.70, 66% of initial level
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| Pricing date: | May 3
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| Settlement date: | May 8
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17331AHM6
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