By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – Citigroup Global Markets Holdings Inc. priced $2.82 million of autocallable contingent coupon notes due Sept. 20, 2023 linked to the least performing of the common stocks of Home Depot, Inc., Deere & Co. and Netflix Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a monthly contingent coupon at an annual rate of 13% if each stock closes at or above its coupon barrier, 60% of its initial level, on the observation date for that month.
The notes will be called at par if each stock closes at or above its initial level on any quarterly trigger observation date after six months.
The payout at maturity will be par unless any stock finishes below its 60% knock-in level, in which case investors will be fully exposed to the losses of the least-performing stock.
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 notes
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Underlying stocks: | Home Depot, Inc., Deere Cos., Inc. and Netflix Inc.
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Amount: | $2,816,000
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Maturity: | Sept. 20, 2023
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Coupon: | 13% per year, payable monthly if each stock closes at or above its coupon barrier level on monthly observation date
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Price: | Par
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Payout at maturity: | Par unless any stock finishes below knock-in level, in which full exposure to the losses of the least performing stock
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Call: | Automatically if each stock closes at or above initial level on any quarterly trigger observation date after six months
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Initial prices: | $285.58 for Home Depot, $215.77 for Deere and $495.99 for Netflix
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Coupon barriers: | $171.348 for Home Depot, $129.462 for Deere and $297.594 for Netflix; 60% of initial levels
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Knock-in levels: | $171.348 for Home Depot, $129.462 for Deere and $297.594 for Netflix; 60% of initial levels
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Pricing date: | Sept. 15
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Settlement date: | Sept. 18
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3.25%
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Cusip: | 17328WC48
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