By Wendy Van Sickle
Columbus, Ohio, June 1 – Citigroup Global Markets Holdings Inc. priced $1.32 million of autocallable contingent coupon equity-linked securities due May 26, 2021 linked to the least performing of the Technology Select Sector SPDR fund and the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 13% per year if the least-performing ETF closes at or above its coupon barrier value, 75% of its initial share price, on the valuation date for that quarter.
The notes will be automatically called at par if the least-performing ETF closes at or above its initial price on any quarterly valuation date.
The payout at maturity will be par unless the least-performing ETF finishes below its final barrier value, 750% of its initial share price, in which case investors will be fully exposed to the decline of the lesser-performing ETF.
The notes are guaranteed by Citigroup Inc.
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 ETFs: | Technology Select Sector SPDR fund and Health Care Select Sector SPDR fund
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Amount: | $1.32 million
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Maturity: | May 26, 2021
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Coupon: | 13% per year, payable quarterly if least-performing ETF closes at or above coupon barrier value on valuation date for that quarter
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Price: | Par
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Payout at maturity: | Par unless least-performing ETF finishes below final barrier value, in which full exposure to decline of lesser-performing ETF
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Call: | Automatically at par if the least-performing ETF closes at or above its initial price on any quarterly valuation date
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Initial share prices: | $99.41 for health care fund, $96.14 for technology fund
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Coupon barriers: | $74.558 for health care fund, $72.105 for technology fund, or 75% of initial share prices
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Barrier values: | $74.558 for health care fund, $72.105 for technology fund, or 75% of initial share prices
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Pricing date: | May 21
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Settlement date: | May 27
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17324XYY0
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