By Sarah Lizee
Olympia, Wash., Oct. 2 – Citigroup Global Markets Holdings Inc. priced $9.28 million of autocallable contingent coupon equity-linked securities due April 1, 2020 linked to Amazon.com, Inc. 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 9% if the stock closes at or above its 75% coupon barrier on the review date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any review date.
The payout at maturity will be par unless the stock finishes below its 75% barrier level, in which case investors will receive a number of shares equal to the principal amount divided by the initial share price.
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.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $9,279,000
|
| Maturity: | April 1, 2020
|
| Coupon: | 9% annualized, payable quarterly if stock closes at or above 75% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock closes below 75% barrier, in which case 0.49678 shares
|
| Call option: | At par if stock closes at or above its initial level on any quarterly review date
|
| Initial level: | $2,012.98
|
| Barrier level: | $1,509.735, 75% of initial level
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 2
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17324XHJ2
|
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