By Susanna Moon
Chicago, March 10 – Citigroup Global Markets Holdings Inc. priced $2.21 million of autocallable contingent coupon equity linked securities due March 8, 2018 linked to Nvidia Corp. shares, 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 13.75% if the stock closes at or above the barrier price, 70% of the initial price, on the valuation date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial share price on any valuation date.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 70% barrier level, in which case investors will receive a number of shares equal to $1,000 divided by the initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | Nvidia Corp.
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| Amount: | $2,205,000
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| Maturity: | March 8, 2018
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| Coupon: | 13.75% per year, payable quarterly if stock 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: | Par unless stock finishes below barrier price, in which case 10.1595 Nvidia shares
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| Call: | At par plus contingent coupon if stock closes at or above initial share price on any valuation date from June 2017 through December 2017
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| Initial share price: | $98.43
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| Barrier price: | $68.901, 70% of initial share price
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| Pricing date: | March 3
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| Settlement date: | March 8
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XBG4
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