By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – Citigroup Global Markets Holdings Inc. priced $3.13 million of autocallable contingent coupon equity-linked securities due Feb. 13, 2019 tied to the least performing of the class A common stock of Facebook, Inc. and the common stock of salesforce.com, 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 11% if each stock closes at or above its 75% threshold 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 observation date.
The payout at maturity will be par unless either stock finishes below its 75% trigger level, in which case the payout will be par plus the return of the worse performing stock with full exposure to any losses.
The notes are guaranteed by Citigroup Inc.
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 equity-linked securities
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| Underlying stocks: | Facebook, Inc. and salesforce.com, inc.
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| Amount: | $3,126,000
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| Maturity: | Feb. 13, 2019
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| Coupon: | 11% annualized, payable quarterly if each stock closes at or above its 75% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either stock finishes below trigger, in which case par plus return of worse performing stock
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| Call: | At par if each stock closes at or above its initial price on any quarterly call observation date
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| Initial prices: | $171.58 for Facebook, $104.03 for salesforce
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| Trigger levels: | $128.685 for Facebook, $78.023 for salesforce; 75% of initial levels
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XKD1
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