By Wendy Van Sickle
Columbus, Ohio, April 22 – Citigroup Global Markets Holdings Inc. priced $1.5 million of autocallable contingent coupon equity linked securities due April 21, 2023 linked to the worst performing of the Russell 2000 index, the iShares MSCI EAFE ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
Each quarter, the notes will pay a contingent coupon at an annual rate of 8% if each asset closes at or above its 60% coupon barrier on the observation date for that period.
The notes will be called at par if each asset closes at or above its initial level on any quarterly determination date after one year.
The payout at maturity will be par unless any asset finishes below 60% final barrier level, in which case investors will be fully exposed to the decline of the worst performing asset from its initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying assets: | Russell 2000 index, iShares MSCI EAFE ETF and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1.5 million
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| Maturity: | April 21, 2023
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| Coupon: | 8% annualized, payable each quarter that each asset closes at or above coupon barrier on observation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless any asset finishes below its final barrier level, in which case investors will be fully exposed to the decline of the worst performing asset from its initial level
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| Call: | At par if each asset closes at or above its initial price on any quarterly determination date after one year
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| Initial prices: | 1,567.597 for Russell, $66.71 for EAFE, $32.15 for Oil & Gas
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| Coupon barriers: | 940.558 for Russell, $40.026 for EAFE, $19.29 for Oil & Gas; 60% of initial levels
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| Final barrier levels: | 940.558 for Russell, $40.026 for EAFE, $19.29 for Oil & Gas; 60% of initial levels
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| Pricing date: | April 17
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| Settlement date: | April 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17326YPL4
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