By Wendy Van Sickle
Columbus, Ohio, March 19 – Citigroup Global Markets Holdings Inc. priced $1.05 million of autocallable contingent coupon equity-linked securities due March 7, 2022 linked to the least performing of the common stocks of FedEx Corp., Goldman Sachs Group, Inc. and Morgan Stanley, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 16.5% per year if the least-performing stock closes at or above its coupon barrier value, 50% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par if the least-performing stock closes at or above its initial price on any valuation date other after six months.
The payout at maturity will be par unless the least-performing stock finishes below its final barrier value, 60% of its initial share price, in which case investors will have full exposure to loss of least-performing stock.
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: | FedEx Corp., Goldman Sachs Group, Inc. and Morgan Stanley
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| Amount: | $1.05 million
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| Maturity: | March 7, 2022
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| Coupon: | 16.5% per year, payable each quarter if least-performing stock closes at or above coupon barrier value on valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless least-performing stock finishes below final barrier value, in which case full exposure to loss of least-performing stock
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| Call: | Automatically at par if least-performing stock closes at or above initial share price on any quarterly valuation date on any valuation date after six months
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| Initial share prices: | $115.70 for FedEx, $172.81 for Goldman Sachs, $37.50 for Morgan Stanley
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| Coupon barriers: | $57.85 for FedEx, $86.405 for Goldman Sachs, $18.75 for Morgan Stanley, or 50% of initial share prices
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| Barrier values: | $69.42 for FedEx, $103.686 for Goldman Sachs, $22.50 for Morgan Stanley, or 60% of initial share prices
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| Pricing date: | March 9
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| Settlement date: | March 12
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17328V3J7
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