By Susanna Moon
Chicago, May 1 – Citigroup Global Markets Holdings Inc. priced $3.68 million of callable contingent coupon equity linked securities due May 3, 2032 linked to the worse performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 8.25% if each index closes at or above its 70% coupon barrier on the observation date for that month.
The notes are callable at par on any contingent coupon payment date after one year.
The payout at maturity will be par plus the contingent coupon unless either index finishes below it 50% trigger, in which case investors will be fully exposed to the decline of the worse performing index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Holdings Inc. is the underwriter.
| 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 indexes: | Russell 2000, S&P 500
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| Amount: | $3,675,000
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| Maturity: | May 3, 2032
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| Coupon: | 8.25% per year, payable monthly if each index closes at or above 70% coupon barrier on determination date for that month
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| Price: | Par
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| Payout at maturity: | Par unless either index falls by more than 50%, in which case full exposure to losses of worse performing index
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| Call option: | At par on any interest payment date beginning May 2, 2018
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| Initial levels: | 1,411.077 for Russell and 2,388.61 for S&P
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| Coupon barriers: | 987.754 for Russell and 1,672.027 for S&P; 70% of initial levels
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| Trigger levels: | 705.539 for Russell and 1,194.305 for S&P; 50% of initial levels
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Underwriter: | Citigroup Global Markets Holdings Inc.
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| Fees: | 5%
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| Cusip: | 17324CHK5
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