By Tali Rackner
Minneapolis, May 3 – Citigroup Global Markets Holdings Inc. priced $1.77 million of autocallable contingent coupon equity linked securities due April 22, 2022 linked to the lesser performing of the Russell 2000 index, the iShares MSCI EAFE exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, 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 7.65% if each underlying asset closes at or above its 60% coupon barrier on the valuation date for that quarter.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any valuation date between April 2019 and Jan. 2022.
The payout at maturity will be par plus the contingent coupon unless any asset finishes below its 60% barrier level, in which case investors will be fully exposed any losses of the least-performing asset.
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 interest notes
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| Underlying assets: | Russell 2000 index, iShares MSCI EAFE ETF, SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1,766,000
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| Maturity: | April 22, 2022
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| Coupon: | 7.65% annualized, payable quarterly if each underlying asset closes at or above coupon barrier on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any asset finishes below barrier, in which case full exposure to losses of the least-performing asset
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| Call: | At par plus contingent coupon if each asset closes at or above initial level on any valuation date between April 2019 and Jan. 2022
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| Initial levels: | 1,573.818 for Russell, $71.32 for iShares and $38.98 for SPDR
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| Coupon barrier/barriers: | 944.291 for Russell, $42.792 for iShares and $23.338 for SPDR, 60% of initial levels
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17324CUA2
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