By Wendy Van Sickle
Columbus, Ohio, Aug. 9 – Citigroup Global Markets Holdings Inc. priced $4 million of autocallable contingent coupon equity-linked securities due Aug. 3, 2023 linked to Alerian MLP exchange-traded fund shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12.4125% if the ETF closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes will be called at par if the ETF closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par unless the ETF finishes below its 75% barrier level, in which case the payout will be par plus the return with full exposure to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying ETF: | Alerian MLP ETF
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| Amount: | $4 million
|
| Maturity: | Aug. 3, 2023
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| Coupon: | 12.4125% annualized, payable quarterly if ETF closes at or above its 75% coupon barrier on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless ETF finishes below final barrier, in which case full exposure to loss
|
| Call: | At par if ETF closes at or above its initial price on any quarterly call observation date after one year
|
| Initial level: | $10.82
|
| Coupon barrier level: | $8.115, 75% of initial level
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| Final barrier level: | $8.115, 75% of initial level
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| Pricing date: | July 30
|
| Settlement date: | Aug. 2
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17324CY59
|
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