By Susanna Moon
Chicago, Oct. 8 – Citigroup Global Markets Holdings Inc. priced $523,000 of autocallable contingent coupon equity-linked securities due Sept. 30, 2019 linked to the worst performing of the common stocks of Micron Technology, Inc., CenturyLink, Inc. and Philip Morris International Inc., ccording to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9.5% if each stock closes at or above its 60% coupon barrier on the review date for that month.
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 60% barrier level, in which case investors will be fully exposed to any losses of the worst 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 assets: | Micron Technology, Inc. (Symbol: MU), CenturyLink, Inc. (Symbol: CTL) and Philip Morris International Inc. (Symbol: PM)
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| Amount: | $523,000
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| Maturity: | Sept. 30, 2019
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| Coupon: | 9.5% annualized, payable monthly if each stock closes at or above 60% coupon barrier on review date for that month
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below 60% 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: | $44.64 for Micron, $21.05 for CenturyLink and $79.91 for Philip Morris
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| Barrier levels: | $26.784 for Micron, $12.63 for CenturyLink and $47.946 for Philip Morris, 60% of initial levels
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.4%
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| Cusip: | 17326YR24
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