By Wendy Van Sickle
Columbus, Ohio, April 6 – Citigroup Global Markets Holdings Inc. priced $2.88 million of autocallable contingent coupon equity linked securities due April 2, 2019 linked to Wynn Resorts, Ltd., Prudential Financial, Inc. and ConocoPhillips shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent monthly coupon at an annualized rate of 9% if each stock closes at or above the barrier price, 50% of the initial price, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly redemption date beginning in June.
If the notes are not called and the final share price of each stock is greater than or equal to the barrier price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline in the share price of the least performing stock.
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: | Wynn Resorts, Ltd., Prudential Financial, Inc. and ConocoPhillips
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| Amount: | $2,875,000
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| Maturity: | April 2, 2019
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| Coupon: | 9% per year, payable monthly if closing price of each stock is greater than or equal to barrier price on valuation date for that month
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below barrier price, in which case investors receive a number of shares or least-performing stock equal to $1,000 divided by the initial share price or the cash equivalent
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| Call: | At par plus contingent coupon if closing share price of each stock is greater than or equal to initial share price on any quarterly redemption date beginning in June
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| Initial share prices: | $115.18 for Wynn Resorts, $105.80 for Prudential Financial and $43.58 for ConocoPhillips
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| Barrier prices: | $57.59 for Wynn Resorts, $52.90 for Prudential Financial and $22.69 for ConocoPhillips; 50% of initial share prices
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| Pricing date: | March 28
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| Settlement date: | March 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.35%
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| Cusip: | 17324CG67
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