By Wendy Van Sickle
Columbus, Ohio, Oct. 9 – Citigroup Global Markets Holdings Inc. priced $358,000 of autocallable contingent coupon equity-linked securities due Sept. 30, 2021 linked to the worst performing of the common stocks of Micron Technology, Inc., Las Vegas Sands Corp. and Philip Morris International Inc., ccording to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 11.5% if each stock closes at or above its 55% coupon barrier on the review date for that month.
The notes will be called at par if each stock closes at or above 95% of its initial level on any quarterly autocall review date.
The payout at maturity will be par unless any stock finishes below its 55% barrier level, in which case investors will be fully exposed to any losses of the worst performing stock.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
| 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 assets: | Micron Technology, Inc. (Symbol: MU), Las Vegas Sands Corp. (Symbol: LVS) and Philip Morris International Inc. (Symbol: PM)
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| Amount: | $358,000
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| Maturity: | Sept. 30, 2021
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| Coupon: | 11.5% annualized, payable monthly if each stock closes at or above 55% coupon barrier on review date for that month
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| Price: | Par
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| Payout at maturity: | Par unless any stock closes below 55% barrier, in which case 1% loss for each 1% decline of worst performing stock
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| Call option: | At par if each stock closes at or above 95% of its initial level on any quarterly autocall review date
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| Initial levels: | $44.64 for Micron, $60.66 for Las Vegas Sands and $79.91 for Philip Morris
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| Barrier levels: | $24.552 for Micron, $33.363 for Las Vegas Sands and $43.951 for Philip Morris, 55% of initial levels
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.85%
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| Cusip: | 17326YDE3
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