By Wendy Van Sickle
Columbus, Ohio, May 9 – Citigroup Global Markets Holdings Inc. priced $1.19 million of autocallable contingent coupon equity-linked securities due May 2, 2019 linked to the worse performing of the common stocks of Walmart Inc. and Costco Wholesale Corp., 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% if each stock closes at or above its 78% coupon barrier on the review date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any review date.
The payout at maturity will be par unless any stock finishes below its 78% barrier level, in which case investors will be fully exposed to any losses of the worse performing stock.
The notes are guaranteed by Citigroup Global Markets 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: | Walmart Inc. and Costco Wholesale Corp.
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| Amount: | $1,186,000
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| Maturity: | May 2, 2019
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| Coupon: | 8% annualized, payable quarterly if each stock closes at or above coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock closes below barrier, in which case 1% loss for each 1% decline of worst performing stock
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| Call option: | At par if each stock closes at or above its initial level on any quarterly review date
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| Initial levels: | $196.58 for Costco and $87.29 for Walmart
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| Coupon barrier/barriers: | $153.332 for Costco and $68.086 for Walmart, 78% of initial levels
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| Pricing date: | April 27
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| Settlement date: | May 2
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XLG3
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