By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – Citigroup Global Markets Holdings Inc. priced $1.97 million of autocallable contingent coupon notes due Sept. 25, 2024 linked to the least performing of the common stocks of Facebook, Inc., Alphabet Inc. and Microsoft Corp., 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 at an annual rate of 10% if each stock closes at or above its coupon barrier, 55% of its initial level, on the observation date for that quarter, plus any previously unpaid coupon.
The notes will be called at par if each stock closes at or above its initial level on any quarterly trigger observation date after six months.
The payout at maturity will be par unless any stock finishes below its 55% knock-in level, in which case investors will be fully exposed to the losses of the least-performing stock.
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 contingent coupon notes
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| Underlying stocks: | Facebook, Inc., Alphabet Inc. and Microsoft Corp.
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| Amount: | $1,965,000
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| Maturity: | Sept. 25, 2024
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| Coupon: | 10% per year, payable quarterly if each stock closes at or above its coupon barrier level on quarterly observation date, plus any previously unpaid coupon
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below knock-in level, in which full exposure to the losses of the least performing stock
|
| Call: | Automatically if each stock closes at or above initial level on any quarterly trigger observation date after six months
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| Initial prices: | $254.82 for Facebook, $1,487.04 for Alphabet and $202.91 for Microsoft
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| Coupon barriers: | $140.151 for Facebook, $817.872 for Alphabet and $111.601 for Microsoft; 55% of initial levels
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| Knock-in levels: | $140.151 for Facebook, $817.872 for Alphabet and $111.601 for Microsoft; 55% of initial levels
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| Pricing date: | Sept. 18
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| Settlement date: | Sept. 25
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.4%
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| Cusip: | 17324X3G3
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