By Sarah Lizee
Olympia, Wash., May 26 – Citigroup Global Markets Holdings Inc. priced $311,000 of autocallable contingent coupon equity-linked securities due May 26, 2021 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 8% per year if the stock closes at or above its coupon barrier value, 70% of its initial share price, on the valuation date for that period, in which event any previously unpaid contingent coupon will also be paid.
The notes will be automatically called at par plus the coupon if the stock closes at or above its initial share price on any quarterly valuation date.
If the final share price is greater than or equal to the 70% barrier level, the payout will be par. Otherwise, investors will receive 8.4868 of Disney shares.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | Walt Disney Co.
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| Amount: | $311,000
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| Maturity: | May 26, 2021
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| Coupon: | 8% per year, payable each quarter if stock closes at or above coupon barrier value on valuation date for that period, in which case any previously unpaid contingent coupon will also be paid
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than barrier level, in which case 8.4868 Disney shares
|
| Call: | Automatically at par plus coupon if stock closes at or above initial share price on any quarterly valuation date
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| Initial share price: | $117.83
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| Coupon barrier: | $82.481, 70% of initial share price
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| Barrier value: | $82.481, 70% of initial share price
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| Pricing date: | May 21
|
| Settlement date: | May 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17324XG61
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