By Marisa Wong
Morgantown, W.Va., Nov. 1 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Oct. 31, 2018 linked to the common stocks of salesforce.com, inc., ConocoPhillips and Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Each month, the notes will pay a contingent coupon at an annualized rate of 9.5% if each stock closes at or above the barrier price, 50% of the initial price, on the valuation date for that month.
The notes will be automatically called at par of $1,000 plus the contingent coupon if each stock closes at or above its initial price on any quarterly valuation date.
If the final share price of each stock is greater than or equal to the barrier price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline of the worst performing stock.
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: | salesforce.com, inc. (Symbol: CRM), ConocoPhillips (Symbol: COP) and Ford Motor Co. (Symbol: F)
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| Amount: | $4,435,000
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| Maturity: | Oct. 31, 2018
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| Coupon: | 9.5% per year, payable each month that each stock closes at or above the barrier price on the valuation date for that month
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| Price: | Par
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| Payout at maturity: | If the final share price of each stock is greater than or equal to the barrier price, par plus the contingent coupon; otherwise, investors will be fully exposed to the decline of the worst performing stock
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| Call: | Automatically at par plus the contingent coupon if each stock closes at or above its initial price on any quarterly valuation date.
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| Initial prices: | $74.95 for salesforce, $11.88 for Ford, $41.80 for ConocoPhillips
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| Barrier price: | $37.475 for salesforce, $5.94 for Ford, $20.90 for ConocoPhillips; 50% of initial price
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agents: | Citigroup Global Markets Inc.
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| Fees: | 3.35%
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| Cusip: | 17324CBT2
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