By Susanna Moon
Chicago, Feb. 5 – Citigroup Global Markets Holdings Inc. priced $737,000 of contingent coupon autocallable yield notes due Jan. 28, 2020 linked to Home Depot, Inc. 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 7.5% if the underlying stock closes at or above its 77% coupon barrier on the observation date for that quarter.
The notes will be called at par if the stock closes at or above on any call review date.
The payout at maturity will be par unless the stock closes below its 77% knock-in level, in which case investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Underlying assets: | Home Depot, Inc. (Symbol: HD)
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| Amount: | $737,000
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| Maturity: | Jan. 28, 2020
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| Coupon: | 7.5% annualized, payable quarterly if stock closes at or above 77% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock closes below 77% knock-in level, in which case 5.65323 Hone Depot shares
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| Call: | At par if stock closes at or above on any call review date beginning April 2019
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| Initial level: | $176.89
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| Barrier level: | $136.205, 77% of initial level
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XKX7
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