By Susanna Moon
Chicago, Feb. 7 – Citigroup Global Markets Holdings Inc. priced $2.14 million of autocallable contingent coupon equity-linked securities due Feb. 2, 2021 tied to the least performing of the common stocks of Halliburton Co. and Schlumberger NV, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if each stock closes at or above its 65% threshold on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date six months.
The payout at maturity will be par unless either stock finishes below its 65% trigger level, in which case the payout will be par plus the return of the worse performing stock with full exposure to any losses.
The notes are guaranteed by Citigroup 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: | Halliburton Co. (Symbol: HAL) and Schlumberger NV (Symbol: SLB)
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| Amount: | $2,138,000
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| Maturity: | Feb. 2, 2021
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| Coupon: | 8.5% annualized, payable quarterly if each stock closes at or above its 65% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either stock finishes below trigger, in which case par plus return of worse performing stock
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| Call: | At par if each stock closes at or above its initial price on any quarterly call observation date beginning in July 2018
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| Initial prices: | $55.61 for Halliburton, $77.61 for Schlumberger
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| Trigger levels: | $36.147 for Halliburton, $50.447 for Schlumberger; 65% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17324CQQ2
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