By Susanna Moon
Chicago, March 15 – Citigroup Global Markets Holdings Inc. priced $1.91 million of autocallable contingent coupon equity-linked securities due March 1, 2019 linked to the worse performing of the VanEck Vectors Gold Miners ETF and the Shares of the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 11% if each underlying fund closes at or above its 80% coupon barrier on the observation date for that quarter.
The notes will be called at par if each fund closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless either fund finishes below its 80% barrier level, in which case the payout will be par plus the return of the worse performing fund 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 assets: | VanEck Vectors Gold Miners ETF and the VanEck Vectors Junior Gold Miners ETF
|
| Amount: | $1,912,000
|
| Maturity: | March 1, 2019
|
| Coupon: | 11% annualized, payable quarterly if each fund closes at or above its 80% coupon barrier on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either fund finishes below barrier, in which case par plus return of worse performing fund
|
| Call: | At par if each fund closes at or above its initial price on any quarterly call observation date from May 2018 through November 2018
|
| Initial levels: | $22.18 for gold fund, $32.47 for junior gold fund
|
| Barrier levels: | $17.744 for gold fund, $25.976 for junior gold fund, 80% of initial levels
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 1
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17324XJZ4
|
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