Chicago, Sept. 3 – Citigroup Global Markets Holdings Inc. priced $3.3 million autocallable contingent coupon equity-linked securities due Aug. 18, 2022 tied to the worst performing of salesforce.com, inc. and International Business Machines Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a quarterly contingent coupon at an annualized rate of 12.7% per annum if both stocks close above 65% of their initial levels on a relevant valuation date.
The notes will be automatically called at par plus the contingent coupon if both stocks close above their initial values on any quarterly valuation date after six months.
The payout at maturity will be par plus the coupon if both underliers close above their 65% final barrier values.
Otherwise, investors will be fully exposed to the losses of the worst performing underlier.
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 stocks: | salesforce.com, inc. and International Business Machines Corp.
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| Amount: | $3,300,000
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| Maturity: | Aug. 18, 2022
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| Coupon: | 12.7% per annum, payable quarterly if both stocks close above 65% of initial levels on relevant valuation date
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| Price: | Par
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| Payout at maturity: | Par plus coupon, unless worst performing stock closes below 65% final barrier value, in which case full exposure to losses of worst performer
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| Call: | At par plus coupon if both stocks close above initial levels on quarterly valuation date after six months
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| Initial levels: | $139.72 for salesforce and $131.25 for IBM
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| Coupon barriers: | $90.818 for salesforce and $85.313 for IBM, 65% of initial levels
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| Final barrier values: | $90.818 for salesforce and $85.313 for IBM, 65% of initial levels
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| Pricing date: | Aug. 14
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| Settlement date: | Aug. 16
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.85%
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| Cusip: | 17327TVV5
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