By Susanna Moon
Chicago, July 31 – Citigroup Inc. priced $2.13 million of autocallable contingent coupon equity-linked securities due July 31, 2020 linked to the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 8% if the fund closes at or above its barrier level, 70% of its initial level, on the valuation date for that quarter.
The notes will be called at par plus the contingent coupon if the fund closes at or above its initial level on any valuation date beginning July 25, 2016.
If the fund finishes at or above the barrier level, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying fund: | Deutsche X-trackers Harvest CSI 300 China A-Shares ETF
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| Amount: | $2,133,000
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| Maturity: | July 31, 2020
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| Coupon: | 8% annualized per quarter if index closes at or above barrier level on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | If fund finishes at or above barrier level, par plus contingent coupon; otherwise, full exposure to any losses
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| Call: | At par plus contingent coupon if fund closes at or above initial level on any valuation date beginning July 28, 2016
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| Barrier level: | 70% of initial level
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| Pricing date: | July 28
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| Settlement date: | July 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17298CCV8
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