By Wendy Van Sickle
Columbus, Ohio, Dec. 13 – Citigroup Global Markets Holdings Inc. priced $3.58 million autocallable contingent coupon equity-linked securities due Dec. 9, 2021 tied to EOG Resources, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a quarterly contingent coupon of an 11.05% annualized rate if shares of EOG shares close above their 65% coupon barrier value on the relevant valuation date.
The notes will be automatically called at par plus the coupon if the value of EOG stock is above its initial level on any quarterly valuation date starting in September 2020.
The payout at maturity will be par if the stock finishes above its 65% final barrier value. Otherwise, investors will be fully exposed to the decline in the share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | EOG Resources, Inc.
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| Amount: | $3,584,000
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| Maturity: | Dec. 29, 2020
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| Coupon: | 11.05% annual rate, payable quarterly if stock closes above 65% coupon barrier value on relevant valuation date
|
| Price: | Par
|
| Payout at maturity: | Par if stock finishes above 65% barrier value, otherwise full exposure to the losses of the stock
|
| Call: | Automatically at par plus the coupon if stock closes above initial level on quarterly valuation date starting in September 2020
|
| Initial price: | $73.96
|
| Coupon barrier: | $48.074, 65% of initial underlying value
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| Final barrier value: | $48.074, 65% of initial underlying value
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| Pricing date: | Dec. 6
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| Settlement date: | Dec. 11
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
| Cusip: | 17327T3C8
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