By Wendy Van Sickle
Columbus, Ohio, July 12 – Citigroup Global Markets Holdings Inc. priced $2.13 million of autocallable contingent coupon equity linked securities due Jan. 2, 2019 linked to the worst performing of the class A common stocks of Facebook, Inc. and Alphabet 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 its 80% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly valuation date.
The payout at maturity will be par plus the contingent coupon unless either stock finishes below its 80% trigger, in which case investors will be fully exposed to the decline of the worst performing stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Holdings 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: | Facebook, Inc. and Alphabet Inc.
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| Amount: | $2,134,000
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| Maturity: | Jan. 2, 2019
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| Coupon: | 9% per year, payable quarterly if each stock closes at or above 80% coupon barrier on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either stock falls by more than 20%, in which case full exposure to losses of worst performing stock
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| Call: | At par if each stock closes at or above its initial level any quarterly valuation date
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| Initial levels: | $150.58 for Facebook and $948.09 for Alphabet
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| Trigger/barrier levels: | $120.464 for Facebook and $758.472 for Alphabet; 80% of initial levels
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Underwriter: | Citigroup Global Markets Holdings Inc.
|
| Fees: | 1.25%
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| Cusip: | 17324XCJ7H1
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