By Susanna Moon
Chicago, Jan. 25 – Citigroup Global Markets Holdings Inc. priced $2.02 million autocallable contingent coupon equity-linked securities due Jan. 25, 2018 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annualized rate of 10% if the stock closes at or above its 75% coupon barrier on the valuation date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial share price on any quarterly redemption date from April 2017 to October 2017.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below its 75% barrier level, in which case a number of Halliburton shares equal to $1,000 principal amount divided by the initial share price, or at the issuer’s option, the cash equivalent.
Citigroup Global Markets Inc. is the underwriter.
| 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: | Halliburton Co. (NYSE: HAL)
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| Amount: | $2.02 million
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| Maturity: | Jan. 25, 2018
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| Coupon: | 10% per year, payable quarterly if stock closes at or above 75% coupon barrier on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus the contingent coupon unless stock finishes below its 75% barrier level, in which case 17.71479 Halliburton shares
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| Call: | At par plus contingent coupon if each stock closes at or above its initial level on any quarterly redemption date from April 2017 to October 2017
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| Initial level: | $56.45
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| Barrier level: | $42.338, 75% of initial level
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XAW0
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