By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon equity-linked securities due Oct. 21, 2021 linked to the least performing of the Technology Select Sector SPDR fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 13.2% per year if the least-performing asset closes at or above its coupon barrier value, 80% of its initial share price, on the valuation date for that quarter.
The notes will be automatically called at par if the least-performing asset closes at or above its initial price on any quarterly valuation date.
The payout at maturity will be par unless the least-performing asset finishes below its final barrier value, 80% of its initial share price, in which case investors will be fully exposed to the decline of the lesser-performing asset.
The notes are 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 assets: | Technology Select Sector SPDR fund and Russell 2000 index
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| Amount: | $1 million
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| Maturity: | Oct. 21, 2021
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| Coupon: | 13.2% per year, payable quarterly if least-performing asset closes at or above coupon barrier value on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless least-performing asset finishes below final barrier value, in which full exposure to decline of lesser-performing asset
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| Call: | Automatically at par if the least-performing asset closes at or above its initial price on any quarterly valuation date
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| Initial share prices: | $121.12 for Technology, 1,633.808 for index
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| Coupon barriers: | $96.896 for Technology, 1,307.046 for index, or 80% of initial share prices
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| Barrier values: | $96.896 for Technology, 1,307.046 for index, or 80% of initial share prices
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| Pricing date: | Oct. 16
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| Settlement date: | Oct. 21
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17328WNH7
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