By Susanna Moon
Chicago, Aug. 3 – Citigroup Global Markets Holdings Inc. priced $1.6 million of 17.5% autocallable equity linked securities due July 31, 2018 linked to Hertz Global Holdings, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the stock closes at or above its initial level on any valuation date.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below its 50% trigger, in which case investors will be fully exposed to the decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Holdings Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity linked securities
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| Underlying stock: | Hertz Global Holdings, Inc. (NYSE: HTZ)
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| Amount: | $1,601,000
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| Maturity: | July 31, 2018
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| Coupon: | 17.5% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless stock falls by more than 50%, in which case 60.06006 Hertz shares
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| Call: | At par if stock closes at or above its initial level any valuation date beginning in October 2017
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| Initial level: | $16.65
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| Trigger level: | $8.325, 50% of initial level
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Underwriter: | Citigroup Global Markets Holdings Inc.
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| Fees: | 2.875%
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| Cusip: | 17324XCU2
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