By Wendy Van Sickle
Columbus, Ohio, July 20 – Citigroup Global Markets Holdings Inc. priced $1.13 million of autocallable contingent coupon equity linked securities due July 21, 2021 linked to the shares of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 7.55% if the underlying stock closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called if the stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless the stock finishes below its 70% downside threshold, in which case investors will be fully exposed to the decline of the stock.
The notes will be 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 shares: | Facebook, Inc.
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Amount: | $1,125,000
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Maturity: | July 21, 2021
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Coupon: | 7.55% annualized, payable quarterly if stock closes at or above 70% coupon barrier on observation date for that quarter
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Price: | Par
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Payout at maturity: | Par unless stock closes below 70% downside threshold, in which full exposure to loss
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Call: | At par if asset closes at or above its initial level on any review date after six months
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Initial level: | $207.23
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Coupon barrier/threshold: | $145.061, 70% of initial level
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Pricing date: | July 16
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Settlement date: | July 19
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Agents: | Citigroup Global Markets Inc.
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Fees: | 2.35%
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Cusip: | 17324XFU9
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