By Susanna Moon
Chicago, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $6.45 million of autocallable contingent coupon equity-linked securities due Nov. 5, 2018 linked to the lesser performing of the common stocks of Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 8.5% if each stock closes at or above its 77.5% coupon barrier on the valuation date for that quarter.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly valuation date.
The payout at maturity will be par plus the contingent coupon unless either stock closes below its 77.5% barrier level, in which case investors will be exposed to the decline of the worse performing stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets 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 Apple Inc. (Symbol: AAPL)
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| Amount: | $6,448,000
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| Maturity: | Nov. 5, 2018
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| Coupon: | 8.5% per year, payable quarterly if each stock closes at or above 77.5% coupon barrier on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above 77.5% barrier, par plus contingent coupon; otherwise, lesser of 5.91576 Apple shares or 0.90475 Amazon shares
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| Call: | At par plus contingent coupon if each stock closes at or above initial level on any quarterly valuation date
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| Initial levels: | $1,105.28 for Amazon, $169.04 for Apple
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| Barrier levels: | $856.592 for Amazon, $131.006 for Apple; 77.5% of initial levels
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17324XKJ8
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