By Susanna Moon
Chicago, April 29 – Citigroup Inc. priced $3.32 million of autocallable contingent coupon equity-linked securities due April 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 5% if the index closes at or above its barrier level, 80% of its initial price, on the valuation date for that period.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any of the first nine semi-annual valuation dates.
The payout at maturity will be par plus the contingent coupon unless the index closes below the 80% barrier level, in which case investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon securities
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $3,317,000
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| Maturity: | April 29, 2020
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| Coupon: | 5% per year, payable semiannually if index closes at or above barrier level on valuation date for that period
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| Price: | Par
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| Payout at maturity: | If index closes at or above barrier level, par plus contingent coupon; otherwise, full exposure to any losses
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| Call: | At par plus contingent coupon if index closes at or above initial level on any of the first nine semi-annual valuation dates
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| Initial level: | 3,713.96
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| Barrier level: | 2,971.168, 80% of initial level
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| Pricing date: | April 24
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| Settlement date: | April 29
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 1730T06Y0
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