By Wendy Van Sickle
Columbus, Ohio, July 12 – Citigroup Global Markets Holdings Inc. priced $1.32 million of autocallable contingent coupon equity linked securities due July 2, 2018 linked to the worst performing of the common stocks of PayPal Holdings, Inc., Square, Inc. and Capital One Financial Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annual rate of 13.5%.
The notes will be called at par if each stock closes at or above its initial level on any valuation date after three months.
The payout at maturity will be par plus the coupon unless any stock finishes below its 70% trigger, in which case investors will be fully exposed to the decline of the worst performing stock.
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 equity linked securities
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| Underlying stocks: | PayPal Holdings, Inc., Square, Inc. and Capital One Financial Corp.
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| Amount: | $1,316,000
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| Maturity: | July 2, 2018
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| Coupon: | 13.5% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any stock falls by more than 30%, in which case full exposure to losses of worst performing stock
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| Call: | After three months at par if each stock closes at or above its initial level any monthly valuation date
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| Initial levels: | $52.73 for PayPal, $23.32 for Square and $81.38 for Capital One
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| Trigger levels: | $36.911 for PayPal, $16.324 for Square and $56.966 for Capital One; 70% of initial levels
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Underwriter: | Citigroup Global Markets Holdings Inc.
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| Fees: | 2.875%
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| Cusip: | 17324XCP3
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