New Issue: Citigroup prices $1 million autocallable contingent coupon notes on Gold Miners

By Kiku Steinfeld

Chicago, Oct. 23 – Citigroup Global Markets Holdings Inc. priced $1 million autocallable contingent coupon equity-linked securities due Oct. 5, 2020 tied to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a quarterly contingent coupon at an annualized rate of 13.6% if the ETF closes at or above 80% of its initial level on the relevant valuation date.

The notes will automatically be called at par plus the coupon if the ETF finishes at or above its initial value on any quarterly valuation date other than the final one.

If the ETF finishes at or above its 80% final barrier value, the payout at maturity will be par plus the final coupon and any previously unpaid coupons.

Otherwise, investors will be fully exposed to the ETF decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity-linked securities
Underlying ETF:	VanEck Vectors Gold Miners
Amount:	$1,000,000
Maturity:	Oct. 5, 2020
Coupon:	13.6% annual rate, payable quarterly if ETF finishes at or above 80% coupon barrier on relevant valuation date
Price:	Par
Payout at maturity:	Par plus coupon and any previously unpaid coupons if ETF finishes at or above final barrier value, otherwise full exposure to losses of ETF
Call:	Automatically at par plus coupon and any previously unpaid coupons if ETF closes at or above initial level on any quarterly valuation date other than final one
Initial level:	$26.92
Coupon barrier:	$21. 536, 80% of initial level
Final barrier:	$21. 536, 80% of initial level
Pricing date:	Oct. 1
Settlement date:	Oct. 3
Agent:	Citigroup Global Markets Inc.
Fees:	0.625%
Cusip:	17327TEZ5

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