Chicago, Feb. 7 – Citigroup Global Markets Holdings Inc. priced $2.08 million of autocallable contingent coupon equity-linked securities due Aug. 6, 2020 linked to the worst performing of the Nasdaq-100 index, the SPDR S&P Oil & Gas Exploration & Production ETF and the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Each month, the notes pay a contingent coupon at an annual rate of 10.75% if all underlyings close at or above their coupon barriers, 60% of their initial levels, on the valuation date for that month.
Beginning in August 2019 and ending in July 2020, the notes will automatically be called at par plus the coupon if all underlyings close at or above their initial levels on any monthly observation date.
If the notes are not called and all three underlyings finish at or above their 60% barrier levels, investors will receive par plus the final coupon.
Otherwise, investors will be exposed to the losses of the worst performing underlying.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying assets: | Nasdaq-100 index, the SPDR S&P Oil & Gas Exploration & Production ETF and the SPDR S&P Biotech ETF
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| Amount: | $2,080,000
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| Maturity: | Aug. 6, 2020
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| Coupon: | 10.75% per year, payable monthly if each underlying close at or above its coupon barrier on the valuation date for that month
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| Price: | Par
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| Payout at maturity: | If all underlyings finish above their barrier levels, par plus coupon; otherwise, full exposure to the losses of the worst performing underlying
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| Call: | At par plus the coupon if all underlyings close above their initial levels on a monthly observation date beginning in August 2019 and ending in July 2020
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| Initial levels: | 6,875.518 for Nasdaq-100, $30.70 for SPDR S&P Oil & Gas, and $83.99 for SPDR S&P Biotech
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| Coupon/barrier levels: | 4,125.311 for Nasdaq-100, $18.420 for SPDR S&P Oil & Gas, and $50.394 for SPDR S&P Biotech
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| Pricing date: | Feb. 1
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| Settlement date: | Feb. 6
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.025%
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| Cusip: | 17326YFR2
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