By Wendy Van Sickle
Columbus, Ohio, March 1 – Citigroup Global Markets Holdings Inc. priced $4.8 million of autocallable contingent coupon equity-linked securities due Feb. 28, 2019 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent semiannual coupon at an annualized rate of 7.5% if Facebook stock closes at or above the barrier price, 80% of the initial price, on the valuation date for that period.
The notes will be called at par of $1,000 plus the contingent coupon if Facebook shares close at or above the initial share price on any valuation date from May 2017 to August 2018.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 80% barrier level, in which case investors receive a number of Facebook shares equal to $1,000 divided by the initial share price or, at the company’s option, the cash equivalent.
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: | Facebook, Inc.
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| Amount: | $4,796,000
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| Maturity: | Feb. 28, 2019
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| Coupon: | 7.5% per year, payable semiannually if closing price of Facebook shares is greater than or equal to barrier price on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | Par unless Facebook shares finish below barrier price, in which case investors receive a number of shares equal to $1,000 divided by the initial share price or the cash equivalent
|
| Call: | At par plus contingent coupon if closing share price is greater than or equal to initial share price on any valuation date from May 2017 to August 2018
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| Initial share price: | $135.36
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| Barrier price: | $108.288, 80% of initial share price
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17324XAY6
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