By Wendy Van Sickle
Columbus, Ohio, May 11 – Citigroup Global Markets Holdings Inc. priced $3.79 million of autocallable contingent coupon equity linked securities due May 13, 2020 linked to the worst performing of the common stocks of Las Vegas Sands Corp., Qualcomm Inc. and Bristol-Myers Squibb Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.75% if each stock closes at or above its 50% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly valuation date.
The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 50% trigger, in which case investors will be fully exposed to the decline of the worst performing stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Holdings 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 stocks: | Las Vegas Sands Corp., Qualcomm Inc. and Bristol-Myers Squibb Co.
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| Amount: | $3.79 million
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| Maturity: | May 13, 2020
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| Coupon: | 7.75% per year, payable quarterly if each stock closes at or above 50% coupon barrier on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any stock falls by more than 50%, in which case full exposure to losses of worst performing stock
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| Call: | At par if each stock closes at or above its initial level any quarterly valuation date
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| Initial levels: | $57.20 for Las Vegas Sands, $54.62 for Qualcomm and $54.94 for Bristol-Myers
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| Trigger levels: | $28.60 for Las Vegas Sands, $27.31 for Qualcomm and $27.47 for Bristol-Myers; 50% of initial levels
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| Pricing date: | May 8
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| Settlement date: | May 11
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| Underwriter: | Citigroup Global Markets Holdings Inc.
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| Fees: | 5%
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| Cusip: | 17324CJH0
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