By Sarah Lizee
Olympia, Wash., Oct. 2 – Citigroup Global Markets Holdings Inc priced $3.32 million of autocallable phoenix securities due Oct. 2, 2019 linked to the common stock of Twitter, Inc., 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 4.35% if the stock closes at or above its 60% coupon barrier on the related quarterly observation date.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial price on Dec. 27, March 28, 2019 or June 27, 2019.
The payout at maturity will be par plus the coupon unless the stock finishes below its 60% barrier, in which case investors will lose 1% for each 1% decline of the stock from its initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable phoenix securities
|
| Underlying stock: | Twitter, Inc.
|
| Amount: | $3,316,000
|
| Maturity: | Oct. 2, 2019
|
| Coupon: | 4.35% annualized, payable each quarter if stock closes at or above 60% coupon barrier on determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If stock finishes above downside threshold, par; otherwise, full exposure to decline
|
| Call: | At par plus contingent coupon if stock closes at or above initial level on Dec. 27, March 28, 2019 or June 27, 2019
|
| Initial share price: | $30.39
|
| Barrier levels: | $18.234, 60% of initial level
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 18
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17326YRU2
|
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