By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – Citigroup Global Markets Holdings Inc. priced $1.39 million of autocallable contingent coupon equity-linked securities due Oct. 22, 2020 linked to the worse performing of the common stocks of Alphabet Inc. and Verizon Communications Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if each stock closes at or above its 78% coupon barrier on the review date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any review date.
The payout at maturity will be par unless either stock finishes below its 78% barrier level, in which case investors will be fully exposed to any losses of the worse performing stock.
The notes are guaranteed by Citigroup Global Markets Inc.
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 equity-linked securities
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| Underlying stocks: | Alphabet Inc. (Symbol: GOOGL), Verizon Communications Inc. (Symbol: VZ)
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| Amount: | $1,392,000
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| Maturity: | Oct. 22, 2020
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| Coupon: | 9.5% annualized, payable quarterly if each stock closes at or above 78% coupon barrier on review date for that quarter
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| Price: | Par
|
| Payout at maturity: | Par unless either stock closes below 78% barrier, in which case 1% loss for each 1% decline of worse performing stock
|
| Call option: | At par if each stock closes at or above its initial level on any quarterly review date
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| Initial levels: | $1,097.91 for Alphabet and $54.65 for Verizon
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| Trigger levels: | $856.37 for Alphabet and $42.627 for Verizon, 78% of initial levels
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| Pricing date: | Oct. 18
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| Settlement date: | Oct. 23
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.75%
|
| Cusip: | 17324XMR8
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