By Susanna Moon
Chicago, Nov. 1 – Citigroup Global Markets Holdings Inc. priced $906,000 of autocallable contingent coupon equity-linked securities due Oct. 31, 2019 linked to the least performing of the common stocks of Ford Motor Co., Western Digital Corp. and Range Resources Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9% if each stock closes at or above its 50% coupon barrier on the valuation date for that month.
The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any valuation date.
The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 50% barrier level, in which case investors will be fully exposed any losses of the worst performing stock.
The notes will be 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: | Ford Motor Co. (Symbol: F), Western Digital Corp. (Symbol: WDC) and Range Resources Corp. (Symbol: RRC)
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| Amount: | $906,000
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| Maturity: | Oct. 31, 2019
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| Coupon: | 9% per year, payable monthly if each stock closes at or above 50% coupon barrier on valuation date for that month
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above barrier, par; otherwise, full exposure to any losses of worst performing stock
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| Call: | At par plus contingent coupon if each stock closes at or above initial level on any quarterly valuation date from January through July 2019
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| Initial share prices: | $12.27 for Ford, $89.38 for Western Digital and $17.72 for Range
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| Barrier prices: | $6.135 for Ford, $44.69 for Western Digital and $8.86 for Range; 50% of initial share prices
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.85%
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| Cusip: | 17324CN85
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