By Wendy Van Sickle
Columbus, Ohio, June 25 – Citigroup Global Markets Holdings Inc. priced $1.35 million of 13.05% autocallable securities due June 24, 2020 linked to the SPDR S&P Oil & Gas Exploration & Production ETF and the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
Citigroup will call the notes at par of $1,000 plus the coupon if each asset closes above its initial level on any quarterly call observation date.
If each asset finishes at or above its initial level or never closes below its trigger level, 60% of its initial level, any day during the life of the notes, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% 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 Inc.
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| Issue: | Autocallable securities
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| Underlying assets: | SPDR S&P Biotech ETF, SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1,345,000
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| Maturity: | June 24, 2020
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| Coupon: | 13.05%, payable monthly
|
| Price: | Par
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| Payout at maturity: | Par if each asset finishes above initial level or never closes below trigger level; otherwise, full exposure to decline of least performing asset
|
| Call: | Automatically at par if each asset closes above initial level on any quarterly call observation date
|
| Initial levels: | $86.99 for biotech ETF, $25.93 for oil & gas ETF
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| Triggers: | $52.194 for biotech ETF, $15.558 for oil & gas ETF; 60% of initial levels
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| Pricing date: | June 19
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| Settlement date: | June 24
|
| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.725%
|
| Cusip: | 17327TBD7
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