By Wendy Van Sickle
Columbus, Ohio, Aug. 4 – Citigroup Global Markets Holdings Inc. priced $1.93 million of autocallable contingent coupon equity-linked securities due Aug. 1, 2019 linked to the worst performing of the SPDR S&P 500 ETF trust, the SPDR Euro Stoxx 50 exchange-traded fund and the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if each fund closes at or above the coupon barrier level, 70% of its initial level, on the valuation date for that quarter.
The notes will be called at par plus the contingent coupon each fund closes at or above the initial share price on any quarterly valuation date.
The payout at maturity will be par plus the contingent coupon unless any fund finishes below the 55% final barrier level, in which case investors will be fully exposed to the loss of the worst-performing fund.
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 funds: | SPDR S&P 500 ETF trust, SPDR Euro Stoxx 50 ETF and WisdomTree Japan Hedged Equity fund
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| Amount: | $1,933,000
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| Maturity: | Aug. 1, 2019
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| Coupon: | 7% per year, payable quarterly if each fund closes at or above coupon barrier level on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | If final share price of each fund is greater than or equal to final barrier level, par plus final coupon; otherwise, full exposure to loss of least-performing fund
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| Call: | At par plus contingent coupon if each fund closes at or above initial share price on any quarterly valuation date
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| Initial share prices: | $217.15 for SPDR S&P 500, $32.54 for SPDR Euro Stoxx 50 and $40.73 for WisdomTree Japan
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| Coupon barrier: | $152.005 for SPDR S&P 500, $22.778 for SPDR Euro Stoxx 50 and $28.511 for WisdomTree Japan; 70% of initial share prices
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| Final barrier: | $119.433 for SPDR S&P 500, $17.897 for SPDR Euro Stoxx 50 and $22.402 for WisdomTree Japan; 55% of initial share prices
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| Pricing date: | July 29
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| Settlement date: | Aug. 3
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17324C6V3
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