By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $2.37 million of autocallable contingent coupon equity-linked securities due Nov. 4, 2020 linked to the lesser performing of the common stocks of Amazon.com, Inc. and Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 10% if each stock closes at or above its 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 its initial share price on any quarterly valuation date.
The payout at maturity will be par plus the contingent coupon unless either stock closes below its 80% barrier level, in which case investors will be exposed to the decline of the worse performing stock.
The notes are guaranteed by Citigroup Inc.
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 stocks: | Amazon.com, Inc. and Facebook, Inc.
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| Amount: | $2,365,000
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| Maturity: | Nov. 4, 2020
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| Coupon: | 10% per year, payable quarterly if each stock closes at or above coupon barrier on valuation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes at or above barrier price, par plus contingent coupon; otherwise, exposure to decline of worse performing stock
|
| Call: | At par plus contingent coupon if each stock closes at or above initial level on any quarterly valuation date
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| Initial share prices: | $1,110.85 for Amazon and $179.87 for Facebook
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| Barrier prices: | $888.680 for Amazon and $143.896 for Facebook; 80% of initial share prices
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 2
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
|
| Cusip: | 17324XHC7
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