By Susanna Moon
Chicago, March 15 – Citigroup Global Markets Holdings Inc. priced $1.91 million of autocallable contingent coupon equity-linked securities due March 2, 2021 linked to the common stocks of MetLife, Inc. and Prudential Financial, 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 8.55% if each stock closes at or above its 70% coupon barrier 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 valuation date other than the final valuation date.
The payout at maturity will be par unless either stock finishes below its 70% barrier 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying asset: | MetLife, Inc. (Symbol: MET), Prudential Financial, Inc. (Symbol: PRU)
|
| Amount: | $1,912,000
|
| Maturity: | March 2, 2021
|
| Coupon: | 8.55% annualized, payable quarterly if each stock closes at or above its 70% coupon barrier on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock finishes below barrier, in which case par plus return of worse performing stock
|
| Call: | At par if each stock closes at or above its initial price on any quarterly valuation date other than the final valuation date
|
| Initial levels: | $47.47 for MetLife, $108.98 for Prudential
|
| Barrier levels: | $33.229 for MetLife, $76.286 for Prudential; 70% of initial levels
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324CRP3
|
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