By Susanna Moon
Chicago, March 9 – Citigroup Global Markets Holdings Inc. priced $994,000 of autocallable contingent coupon equity-linked securities due Feb. 27, 2019 linked to Halliburton Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if the stock closes at or above its 80% coupon barrier on the observation date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless the stock finishes below its 80% barrier level, in which case the payout will be par plus the return with full exposure to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| 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 asset: | Halliburton Co. (Symbol: HAL)
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| Amount: | $994,000
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| Maturity: | Feb. 27, 2019
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| Coupon: | 8.5% annualized, payable quarterly if stock closes at or above its 80% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below barrier, in which case 21.21791 Halliburton shares
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| Call: | At par if stock closes at or above its initial price on any quarterly call observation date from May 2018 through November 2018
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| Initial level: | $47.13
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| Barrier level: | $37.704, 80% of initial level
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 27
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XMM9
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