By Susanna Moon
Chicago, June 7 – Citigroup Global Markets Holdings Inc. priced $1.91 million of autocallable contingent coupon equity-linked securities due May 31, 2018 linked to the common stock of Amazon.com, Inc. and the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9% if each stock closes at or above the 80% coupon barrier on the valuation date for that quarter.
The notes will be called at par plus the contingent coupon if each stock closes at or above the initial share price on any quarterly redemption date from November 2017 through August 2018.
The payout at maturity will be par plus the contingent coupon unless either stock finishes below its 80% barrier level, in which case investors will receive a number of shares of the worse performing stock equal to $1,000 divided by the initial share price.
The notes are guaranteed by Citigroup Inc.
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 contingent coupon equity-linked securities
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| Underlying stocks: | Amazon.com, Inc. (Symbol: AMZN) and Facebook, Inc. (Symbol: FB)
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| Amount: | $1,907,000
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| Maturity: | May 31, 2018
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| Coupon: | 9% per year, payable quarterly if each stock closes at or above barrier level on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either stock falls below barrier, in which case the worse performing of either 1.00666 Amazon shares or 6.58068 Facebook shares
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| Call: | At par plus contingent coupon if each stock closes at or above initial level on any quarterly valuation date from November 2017 through August 2018
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| Initial share prices: | $993.38 for Amazon and $151.96 for Facebook
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| Barrier levels: | $794.704 for Amazon and $121.568 for Facebook, 80% of initial levels
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17324XBZ2
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