By Wendy Van Sickle
Columbus, Ohio, June 14 – Citigroup Global Markets Holdings Inc. priced $2.7 million of autocallable contingent coupon equity-linked securities due June 17, 2020 tied to the ordinary shares of Alibaba Group Holding Ltd. and the common stocks of Qualcomm Inc. and Las Vegas Sands Corp., 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 annual rate of 18.5% if each stock closes at or above its 65% coupon barrier price on the review date for that quarter.
The notes will be automatically redeemed at par plus interest if each stock closes at or above its initial price on any quarterly redemption date.
If the notes are not called and the final price of each stock is at least 65% of its initial price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing stock.
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 stocks: | Alibaba Group Holding Ltd., Qualcomm Inc. and Las Vegas Sands Corp.
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| Amount: | $2,703,000
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| Maturity: | June 17, 2020
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| Coupon: | 18.5% annualized, payable quarterly if each stock closes at or above coupon barrier price on review date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par if each stock’s final price is at least 65% of initial price; otherwise, full exposure to decline of least-performing stock
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| Call: | At par plus interest if each stock closes at or above initial price on any quarterly redemption date
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| Initial prices: | $205.05 for Alibaba, $60.26 for Qualcomm, $78.00 for Las Vegas Sands
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| Coupon barriers/final barriers: | $133.296 for Alibaba, $39.169 for Qualcomm, $50.70 for Las Vegas Sands; 65% of initial prices
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| Pricing date: | June 8
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| Settlement date: | June 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17324CW85
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