By Wendy Van Sickle
Columbus, Ohio, March 22 – Citigroup Global Markets Holdings Inc. priced $697,000 of contingent coupon autocallable notes due March 25, 2021 linked to Foot Locker, 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 12.6% if the underlying stock closes at or above its 60% coupon barrier on the observation date for that period.
The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless the stock closes below its 60% barrier level, in which case investors will be fully exposed to the decline in the share price.
The notes are 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: | Contingent coupon autocallable notes
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| Underlying assets: | Foot Locker, Inc.
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| Amount: | $697,000
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| Maturity: | March 25, 2021
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| Coupon: | 12.6% annualized, payable quarterly if stock closes at or above coupon barrier on observation date for that period
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| Price: | Par of $1,000
|
| Payout at maturity: | Par unless stock closes below 60% barrier level, in which case investors will be exposed to the decline in the share price
|
| Call: | At par if stock closes at or above initial level on any quarterly observation date
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| Initial level: | $59.49
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| Barrier level: | $35.694, 60% of initial level
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| Pricing date: | March 20
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| Settlement date: | March 25
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17326YW44
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