By Sarah Lizee
Olympia, Wash., June 19 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon equity-linked securities due June 18, 2021 linked to the least performing of the Financial Select Sector SPDR fund and the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 20.1% if each underlying fund closes at or above its 75% coupon barrier on the related quarterly observation date.
The notes will be called at par if each fund closes at or above its initial level on any quarterly call observation date.
The payout at maturity will be par unless any underlier finishes below its 75% final barrier value, in which case investors will be fully exposed to the decline of the least-performing fund.
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 funds: | Financial Select Sector SPDR fund and the Technology Select Sector SPDR fund
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| Amount: | $1 million
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| Maturity: | June 18, 2021
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| Coupon: | 20.1% annualized, payable quarterly if each fund closes at or above coupon barrier on related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless any fund finishes below final barrier, in which case full exposure to decline of least-performing fund
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| Call: | At par if each fund closes at or above initial level on any quarterly call observation date
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| Initial values: | $24.16 for financial fund, $100.37 for technology fund
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| Coupon barriers: | $18.120 for financial fund, $75.278 for technology fund; 75% of initial values
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| Final barrier values: | $18.120 for financial fund, $75.278 for technology fund; 75% of initial values
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| Pricing date: | June 15
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| Settlement date: | June 18
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XJ76
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