By Wendy Van Sickle
Columbus, Ohio, Oct. 15 – Citigroup Global Markets Holdings Inc. priced $3.87 million of autocallable contingent coupon equity-linked securities due April 14, 2021 linked to the common shares of AT&T Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 8% per year if the stock closes at or above its coupon barrier value, 78% of its initial share price, on the valuation date for that quarter, in which case a coupon will also be paid for any previously unpaid quarter during the life of the notes.
The notes will be automatically 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 finishes below its final barrier value, 78% of its initial level, in which case investors will receive 26.99055 AT&T shares.
The notes are guaranteed by Citigroup Inc.
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 stock: | AT&T Inc.
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| Amount: | $3,871,000
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| Maturity: | April 14, 2021
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| Coupon: | 8% per year, payable quarterly if stock closes at or above coupon barrier value on valuation date for that quarter, in which case a coupon will also be paid for any previously unpaid quarter during life of notes
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below final barrier value, in which case 26.99055 AT&T shares
|
| Call: | Automatically at par if stock closes at or above initial level on any quarterly observation date
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| Initial levels: | $37.05
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| Coupon barrier: | $28.899, or 78% of initial level
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| Final barrier: | $28.899, or 78% of initial level
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| Pricing date: | Oct. 9
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| Settlement date: | Oct. 15
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17324XTF7
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