By Wendy Van Sickle
Columbus, Ohio, July 16 – Citigroup Global Markets Holdings Inc. priced $2.74 million of autocallable geared buffered contingent coupon equity-linked securities due June 25, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent coupon at an annualized rate of 7% if each index closes above its coupon barrier, 80% of its initial level, on the valuation date that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after one year.
If the lesser performing index finishes at or above 80% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1.25% for each 1% loss of the lesser performing index beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable geared buffered contingent coupon equity-linked securities
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $2,738,000
|
| Maturity: | June 25, 2021
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| Coupon: | 7% if each index closes above coupon barrier on the valuation date quarter
|
| Price: | Par
|
| Call: | At par if each index closes at or above initial level on any quarterly observation date after one year
|
| Payout at maturity: | Par plus final coupon each index finishes at or above 80% coupon barrier; otherwise, 1.25% loss for each 1% decline beyond 20%
|
| Initial levels: | 2,773.75 for S&P, 1,692.46 for Russell
|
| Coupon barriers: | 2,219.00 for S&P, 1,353.968 for Russell, 80% of initial levels
|
| Pricing date: | June 18
|
| Settlement date: | June 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.1%
|
| Cusip: | 17324CWG7
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