By Kiku Steinfeld
Chicago, Nov. 29 – Citigroup Global Markets Holdings Inc. priced $1.2 million of autocallable contingent coupon equity linked securities due March 30, 2023 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7% paid quarterly if the stock closes at or above its 72% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting June 27 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date.
If the stock finishes at or above its 72% final barrier, the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines, payable in 1.51723 shares or cash at the option of the issuer.
The notes are guaranteed by Citigroup 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 stock: | Amazon.com, Inc.
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| Amount: | $1,195,000
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| Maturity: | March 30, 2023
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| Coupon: | 7% paid quarterly if the stock closes at or above its 72% coupon barrier on the related valuation date, plus any previously unpaid coupons
|
| Price: | $5,000
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| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier, payable in 1.51723 shares or cash at the option of the issuer
|
| Call: | Automatically starting June 27 at par if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date
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| Initial level: | $3,295.47
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| Coupon barrier: | $2,372.738, 72% of initial level
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| Final barrier: | $2,372.738, 72% of initial level
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| Pricing date: | March 25
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| Settlement date: | March 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 5%
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| Cusip: | 17328N3J5
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