By Susanna Moon
Chicago, May 1 – Citigroup Global Markets Holdings Inc. priced $1.41 million of autocallable contingent coupon equity linked securities due July 30, 2018 linked to the worse performing of the common stocks of Amazon.com, Inc. and Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if each stock closes at or above its 50% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly valuation date.
The payout at maturity will be par plus the contingent coupon unless either stock finishes below its 50% trigger, in which case investors will receive a number of shares of worse performing stock equal to $1,000 divided by initial share price.
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: | Autocallable contingent coupon equity linked securities
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| Underlying stocks: | Amazon.com, Inc. (Symbol: AMZN) and Starbucks Corp. (Symbol: SBUX)
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| Amount: | $1,406,000
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| Maturity: | July 30, 2018
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| Coupon: | 9% per year, payable quarterly if each stock closes at or above 80% coupon barrier on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either stock falls by more than 50%, in which case a number of shares of worse performing stock equal to $1,000 divided by initial share price
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| Call: | At par if each stock closes at or above its initial level any quarterly valuation date
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| Initial levels: | $907.62 for Amazon, $60.96 for Starbucks
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| Trigger levels: | $726.096 for Amazon, $48.768 for Starbucks; 80% of initial levels
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| Equity ratio: | 1.10178 shares for Amazon, 16.40420 shares for Starbucks
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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: | 1.25%
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| Cusip: | 17324XBU3
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