By Wendy Van Sickle
Columbus, Ohio, April 9 – Citigroup Global Markets Holdings Inc. priced $668,000 of autocallable contingent coupon equity-linked securities due May 1, 2019 linked to Facebook, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 11.5% if the stock closes at or above its 70% coupon barrier on the related quarterly observation date.
The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date prior to maturity.
The payout at maturity will be par unless the stock finishes below its 70% barrier level, in which case the payout will be a number of shares of Facebook stock equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash value of those shares.
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 asset: | Facebook, Inc.
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| Amount: | $668,000
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| Maturity: | May 1, 2019
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| Coupon: | 11.5% annualized, payable each quarter that stock closes at or above its coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below barrier, in which case a number of shares of Facebook stock equal to $1,000 divided by the initial share price or, at issuer’s option, cash value of those shares
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| Call: | At par if stock closes at or above its initial price on any quarterly call observation date
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| Initial level: | $159.34
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| Coupon barrier: | $111.538, 70% of initial share price
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| Barrier: | $111.538, 70% of initial share price
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| Pricing date: | April 5
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| Settlement date: | April 10
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324CU46
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