By Wendy Van Sickle
Columbus, Ohio, June 7 – Citigroup Global Markets Holdings Inc. priced $1.33 million of autocallable contingent coupon equity-linked securities due June 4, 2019 tied to the common stocks of Starbucks Corp. and McDonald’s 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 8% if each stock closes at or above its 80% 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 potential redemption date.
If the notes are not called and the final price of each stock is at least 80% of its initial price, the payout at maturity will be par. Otherwise, the payout will be the final share price of the lesser-performing stock multiplied by its equity ratio or, at the issuer’s option, the cash value.
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: | Starbucks Corp. and McDonald’s Corp.
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| Amount: | $1,327,000
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| Maturity: | June 4, 2019
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| Coupon: | 8% annualized, payable quarterly if each stock closes at or above coupon barrier price on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par if each stock’s final price is at least 80% of initial price; otherwise, final share price of the lesser-performing stock multiplied by its equity ratio
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| Call: | At par plus interest if each stock closes at or above initial price on any quarterly potential redemption date
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| Initial prices: | $57.48 for Starbucks, $161.82 for McDonald’s
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| Coupon barriers/final barriers: | $45.984 for Starbucks, $129.456 for McDonald’s; 80% of initial prices
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| Equity ratio: | 17.39736 for Starbucks, 6.17971 for McDonald’s
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| Pricing date: | May 30
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| Settlement date: | June 4
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XFE5
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