By Wendy Van Sickle
Columbus, Ohio, June 25 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon equity-linked securities due June 26, 2020 linked to VanEck Vectors Gold Miners ETF shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.5% if the ETF closes at or above its 80% coupon barrier on the review date for that quarter.
The notes will be called at par if the ETF closes at or above its initial level on any review date.
The payout at maturity will be par unless the ETF finishes below its 80% barrier level, in which case investors will be fully exposed to the decline.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying ETF: | VanEck Vectors Gold Miners ETF
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| Amount: | $1 million
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| Maturity: | June 26, 2020
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| Coupon: | 10.5% annualized, payable quarterly if ETF closes at or above 80% coupon barrier on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par unless ETF finishes below 80% barrier, in which case full exposure to ETF decline
|
| Call option: | At par if ETF closes at or above its initial level on any quarterly review date
|
| Initial level: | $25.21
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| Trigger level: | $20.168, 80% of initial level
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| Pricing date: | June 21
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| Settlement date: | June 24
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
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| Cusip: | 17327TBX3
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