By Susanna Moon
Chicago, June 12 – Citigroup Global Markets Holdings Inc. priced $5.63 million of contingent income autocallable securities due June 4, 2021 linked to General Mills, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.5% if the stock closes at or above the 80% downside threshold level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any valuation date other than the final date.
The payout at maturity will be par unless the stock finishes below its 80% downside threshold, in which case investors will lose 1% for each 1% decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | General Mills, Inc. (Symbol: GIS)
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| Amount: | $5,627,000
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| Maturity: | June 4, 2021
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| Coupon: | 10.5% annualized, payable each quarter if stock closes at or above downside threshold level on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | If stock finishes above downside threshold, par; otherwise, full exposure to decline
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| Call: | At par plus contingent coupon if stock closes at or above initial level on any valuation date other than the final date
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| Initial share price: | $42.60
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| Downside threshold: | $34.08, 80% of initial level
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| Pricing date: | June 1
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| Settlement date: | June 6
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| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as dealer
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| Fees: | 2%
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| Cusip: | 17326K783
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