By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Citigroup Global Markets Holdings Inc. priced $1.37 million of autocallable contingent coupon equity-linked securities due Feb. 1, 2019 linked to the VanEck Vectors Junior Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Each quarter, the notes pay a contingent coupon at an annualized rate of 10% if the ETF closes at or above the barrier price, 80% of the initial price, on the valuation date for that quarter.
The notes will be automatically called at par plus the contingent coupon if the shares close at or above the initial share price on any quarterly valuation date.
If the final share price is greater than or equal to the barrier price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to the decline of the ETF.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying ETF: | VanEck Vectors Junior Gold Miners ETF
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| Amount: | $1,367,000
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| Maturity: | Feb. 1, 2019
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| Coupon: | 10% per year, payable quarterly if ETF closes at or above barrier price on valuation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to barrier price, par plus contingent coupon; otherwise, 29.78850 ETF shares or cash amount equal to value of those shares
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| Call: | Automatically at par plus contingent coupon if shares close at or above initial share price on any quarterly valuation date
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| Initial share price: | $33.57
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| Barrier price: | $26.856, 80% of initial share price
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 1
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
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| Cusip: | 17324XJN1
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