By Wendy Van Sickle
Columbus, Ohio, July 26 – Citigroup Global Markets Holdings Inc. priced $400,000 of autocallable contingent coupon equity linked securities due July 27, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.5% if the underlying index closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes are called at par if the index closes at or above its initial level on any determination date after one year.
The payout at maturity will be par unless the index closes below its 75% trigger level, in which case investors will be fully exposed to any losses.
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 Global Markets Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $400,000
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| Maturity: | July 27, 2023
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| Coupon: | 6.5% annualized, payable quarterly if index closes at or above coupon barrier on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If index closes above trigger level, par; otherwise, 1% loss for each 1% decline
|
| Call: | At par if the index closes at or above its initial level on any determination date beginning in June 2019
|
| Initial level: | 3,483.31
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| Coupon barrier: | 2,612.483, 75% of initial level
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| Trigger level: | 2,612.483, 75% of initial level
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| Pricing date: | July 24
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| Settlement date: | July 27
|
| Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management as a distributor
|
| Fees: | 2%
|
| Cusip: | 17324CWZ5
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