By Susanna Moon
Chicago, July 12 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon equity linked securities due July 7, 2023 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 11.1% if the underlying asset closes at or above its 75% coupon barrier on the observation date for that quarter.
The notes are called at par if the fund closes at or above its initial level on any determination date after six months.
The payout at maturity will be par unless the fund closes below its 50% trigger level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying assets: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1 million
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| Maturity: | July 7, 2023
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| Coupon: | 11.1% annualized, payable quarterly if asset closes at or above 65% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | If fund closes above trigger level, par; otherwise, 1% loss for each 1% decline
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| Call: | At par if the fund closes at or above its initial level on any determination date beginning in January 2019
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| Initial level: | $42.24
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| Coupon barrier: | $31.68, 75% of initial level
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| Trigger level: | $21.12, 50% of initial level
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| Pricing date: | July 2
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| Settlement date: | July 6
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| Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management as a distributor
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| Fees: | None
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| Cusip: | 17324CXB7
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