By Marisa Wong
Morgantown, W.Va., Aug. 16 – Citigroup Global Markets Holdings Inc. priced $3.3 million of 0% autocallable buffered notes due Sept. 12, 2019 linked to the West Texas Intermediate light sweet crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a call premium if the futures contract price closes at or above the initial price on any of the three quarterly call observation dates. The call premium will be 4.25% for the first call observation date on Nov. 12, 8.5% for the second call date on Feb. 11 and 12.75% for the third call date on May 10, 2019.
If the notes are not called and the asset return is zero or positive, the payout at maturity will be par plus the maturity date premium of 18.4167%.
Investors will receive par if the asset falls by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.
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 buffered notes
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| Underlying asset: | West Texas Intermediate light sweet crude oil futures contract
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| Amount: | $3.3 million
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| Maturity: | Sept. 12, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If asset return is zero or positive, par plus 18.4167%; par if the asset falls by 20% or less; 1.25% loss for every 1% decline beyond 20%
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| Call: | Automatically at par plus call premium if the futures contract price closes at or above the initial price on any of the three quarterly call observation dates; call premium will be 4.25% for Nov. 12, 8.5% for Feb. 11 and 12.75% for May 10, 2019
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| Initial price: | $67.63
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| Pricing date: | Aug. 10
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| Settlement date: | Aug. 17
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17324CZV1
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