New Issue: Citigroup prices $4.72 million contingent coupon notes linked to S&P, Russell, EAFE

By Angela McDaniels

Tacoma, Wash., March 12 – Citigroup Global Markets Holdings Inc. priced $4.72 million of callable contingent coupon equity-linked securities due March 13, 2023 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each quarter, the notes pay a contingent coupon at the rate of 10.2% per year if each underlier closes at or above its coupon barrier level, 80% of its initial level, on each day during that quarter.

Beginning in September 2019, the notes are callable at par quarterly.

The payout at maturity will be par unless the least-performing underlier finishes below its final barrier level, 60% of its initial level, in which case investors will be exposed to the least-performing underlier’s decline from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable contingent coupon equity-linked securities
Underliers:	Russell 2000 index, S&P 500 index and iShares MSCI EAFE ETF
Amount:	$4,715,000
Maturity:	March 13, 2023
Coupon:	10.2% per year, payable quarterly if each underlier closes at or above coupon barrier level on each day during that quarter
Price:	Par
Payout at maturity:	Par unless least-performing index finishes below final barrier level, in which case exposure to least-performing underlier’s decline from initial level
Call option:	At par quarterly beginning in September 2019
Initial levels:	2,743.07 for S&P 500, 1,521.884 for Russell 2000 and $63.47 for ETF
Coupon barriers:	2,194.456 for S&P 500, 1,217.507 for Russell 2000 and $50.776 for ETF; 80% of initial share prices
Final barriers:	1,645.842 for S&P 500, 913.130 for Russell 2000 and $38.082 for ETF; 60% of initial share prices
Pricing date:	March 8
Settlement date:	March 13
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17326YS56

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