By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – Citigroup Global Markets Holdings Inc. priced $1.5 million of autocallable contingent coupon equity-linked securities due Sept. 1, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will pay a semiannual contingent coupon at an annualized rate of 8.9% if the index closes at or above its coupon barrier, 75% of the initial level, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above its initial level on any semiannual valuation date beginning in February 2018 and ending in August 2022.
If the final index level is greater than or equal to the barrier level, 75% of the initial level, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be exposed to the index’s decline.
Citigroup Global Markets Inc. is the agent.
| 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 index: | Euro Stoxx 50
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| Amount: | $1.5 million
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| Maturity: | Sept. 1, 2022
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| Coupon: | 8.9% per year, payable semiannually if index closes at or above coupon barrier level on valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless index finishes below barrier level, in which case full exposure to decline
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| Call: | At par plus contingent coupon if index closes at or above initial level on any valuation date from February 2018 to in August 2022
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| Initial level: | 3,388.22
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| Coupon barrier: | 2,541.165, 75% of initial level
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| Barrier level: | 2,541.165, 75% of initial level
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| Pricing date: | Aug. 29
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| Settlement date: | Sept. 1
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17324CLZ7
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