By Wendy Van Sickle
Columbus, Ohio, June 25 – Citigroup Global Markets Holdings Inc. priced $1.02 million of autocallable contingent coupon equity-linked securities due June 28, 2022 linked to salesforce.com, inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.1% if the stock closes at or above its 70% coupon barrier on the review date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any review date after six months.
The payout at maturity will be par unless the stock finishes below its 70% barrier level, in which case investors will be fully exposed to the decline.
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 stock: | salesforce.com, inc.
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| Amount: | $1,023,000
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| Maturity: | June 28, 2022
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| Coupon: | 10.1% annualized, payable quarterly if stock closes at or above 70% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below 70% barrier, in which case full exposure to stock decline
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| Call option: | At par if stock closes at or above its initial level on any quarterly review date beginning in December 2019
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| Initial level: | $156.84
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| Trigger level: | $109.788, 70% of initial level
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| Pricing date: | June 21
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| Settlement date: | June 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17327TBG0
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