By Wendy Van Sickle
Columbus, Ohio, July 9 – Citigroup Global Markets Holdings Inc. priced $3.11 million of autocallable contingent coupon equity-linked securities due June 30, 2022 linked to the least performing of the VanEck Vectors Semiconductor ETF, the Financial Select Sector SPDR fund and the Health Care 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 15% if each underlying fund closes at or above its 67.64% 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 either underlier finishes below its 67.64% 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying funds: | VanEck Vectors Semiconductor ETF, Financial Select Sector SPDR fund and Health Care Select Sector SPDR fund
|
| Amount: | $3,112,000
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| Maturity: | June 30, 2022
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| Coupon: | 15% annualized, payable quarterly if each fund closes at or above coupon barrier on related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless any fund finishes below final barrier, in which case full exposure to decline of least-performing fund
|
| Call: | At par if each fund closes at or above initial level on any quarterly call observation date
|
| Initial values: | $147.67 for Semiconductor ETF, $22.58 for Financial, $97.51 for Health Care
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| Coupon barriers: | $99.884 for Semiconductor ETF, $15.273 for Financial, 65.956 for Health Care 67.64% of initial values
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| Final barrier values: | $99.884 for Semiconductor ETF, $15.273 for Financial, 65.956 for Health Care 67.64% of initial values
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| Pricing date: | June 26
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| Settlement date: | July 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.75%
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| Cusip: | 17324XL32
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