By Marisa Wong
Morgantown, W.Va., Feb. 8 – Citigroup Global Markets Holdings Inc. priced $1.99 million of autocallable contingent coupon equity-linked securities due Feb. 6, 2020 linked to the worst performing of the Nasdaq-100 index, the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund and the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Each month, the notes pay a contingent coupon at an annual rate of 8.55% if each underlying closes at or above the coupon barrier, 60% of the initial level, on the valuation date for that month.
Beginning in August 2019 and ending in July 2020, the notes will automatically be called at par plus the coupon if all underlyings close at or above their initial levels on any monthly observation date.
If the notes are not called and all three underlyings finish at or above their 60% barrier levels, investors will receive par plus the final coupon.
Otherwise, investors will be exposed to the losses of the worst performing underlying.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying assets: | Nasdaq-100 index, SPDR S&P Oil & Gas Exploration & Production ETF and SPDR S&P Biotech ETF
|
| Amount: | $1,991,000
|
| Maturity: | Feb. 6, 2020
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| Coupon: | 8.55% per year, payable monthly if each underlying closes at or above its coupon barrier on the related monthly valuation date
|
| Price: | Par
|
| Payout at maturity: | If each underlying finishes at or above final barrier level, par plus coupon; otherwise, full exposure to losses of the worst performing underlying
|
| Call: | At par plus the coupon if all underlyings close at or above their initial levels on any monthly observation date beginning in August 2019 and ending in July 2020
|
| Initial levels: | 6,875.518 for Nasdaq-100, $30.70 for SPDR S&P Oil & Gas, and $83.99 for SPDR S&P Biotech
|
| Coupon barriers: | 4,125.311 for Nasdaq-100, $18.420 for SPDR S&P Oil & Gas and $50.394 for SPDR S&P Biotech
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| Final barrier levels: | 4,125.311 for Nasdaq-100, $18.420 for SPDR S&P Oil & Gas and $50.394 for SPDR S&P Biotech
|
| Pricing date: | Feb. 1
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| Settlement date: | Feb. 6
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.025%
|
| Cusip: | 17326YDD5
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