By Susanna Moon
Chicago, April 20 – Citigroup Global Markets Holdings Inc. priced $4.99 million of 0% autocallable barrier securities due April 23, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus 15% if the fund closes at or above the autocall threshold level, 110% of the initial level, on April 18, 2017.
The payout at maturity will be par plus 300% of any fund gain, up to a maximum return of 42%.
The payout will be par unless the fund falls below the barrier level, 80% of the initial level, in which case investors will receive a number of fund shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.
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: | Autocallable barrier securities
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $4,993,000
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| Maturity: | April 23, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Call: | At par plus 15% if fund closes at or above autocall threshold on April 18, 2017
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| Payout at maturity: | Par plus 300% of any fund gain, capped at 42%; if fund falls by up to 20%, par; otherwise, 15.48467 fund shares
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| Initial level: | $64.58
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| Barrier level: | $51.664, 80% of initial level
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| Autocall threshold: | $71.038, 110% of the initial share price
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| Pricing date: | April 18
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| Settlement date: | April 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17324C2S4
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