By Susanna Moon
Chicago, July 10 – Citigroup Global Markets Holdings Inc. priced $813,00 of callable contingent coupon equity linked securities due June 30, 2020 linked to the worst performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 7.15% if each underlying component closes at or above its 70% coupon barrier on the observation date for that period.
The notes are callable at par on any contingent coupon payment date after six months.
The payout at maturity will be par plus the contingent coupon unless either component finishes below it 70% trigger, in which case investors will be fully exposed to the decline of the worst performing component.
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: | Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF
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| Amount: | $813,00
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| Maturity: | June 30, 2020
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| Coupon: | 7.15% per year, payable semiannually if each component closes at or above 70% coupon barrier on determination date for that period
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| Price: | Par
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| Payout at maturity: | Par unless either component falls by more than 30%, in which case full exposure to losses of worst performing component
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| Call option: | At par on any interest payment date beginning Jan. 4, 2018
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| Initial levels: | 3,543.68 for Stoxx and $41.50 for MSCI EM fund
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| Trigger levels: | 2,480.576 for Stoxx and $29.05 for MSCI EM fund; 70% of initial levels
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| Pricing date: | June 23
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| Settlement date: | June 30
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| Underwriter: | Citigroup Global Markets Holdings Inc.
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| Fees: | 2%
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| Cusip: | 17324CJY3
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