By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – Citigroup Global Markets Holdings Inc. priced $3.11 million of 10.15% autocallable securities due Sept. 16, 2022 linked to the common stocks of Schlumberger NV and Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
Citigroup will call the notes at par of $1,000 plus the coupon if each stock closes above its initial level on any quarterly call observation date after six months.
If each stock finishes at or above its trigger level, 50% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing stock from its initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying stocks: | Schlumberger NV and Halliburton Co.
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| Amount: | $3,114,000
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| Maturity: | Sept. 16, 2022
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| Coupon: | 10.15%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par if each stock finishes at or above trigger level; otherwise, full exposure to decline of least performing stock
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| Call: | Automatically at par if each stock closes above initial level on any quarterly call observation date after six months
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| Initial levels: | $37.33 for Schlumberger, $20.27 for Halliburton
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| Triggers: | $18.665 for Schlumberger, $10.135 for Halliburton; 50% of initial levels
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| Pricing date: | Sept. 13
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| Settlement date: | Sept. 18
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17327TFR2
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