New Issue: Citigroup prices $1 million contingent coupon autocalls on indexes, ETF

By Tali Rackner

Minneapolis, May 25 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon equity linked securities due Nov. 27, 2019 linked to the least performing of the S&P 500 index, the Russell 2000 index, the Euro Stoxx 50 index and the VanEck Vectors Gold Miners exchange-traded fund, 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 annual rate of 9.7% if each underlying asset closes at or above its 65% coupon barrier on the valuation date for that month.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any monthly valuation date between November 2018 and October 2019.

The payout at maturity will be par plus the contingent coupon unless any asset finishes below its initial level or any asset has closed below its 65% knock-in level on any day during the life of the notes, in which case investors will be fully exposed any losses of the least-performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent interest notes
Underlying assets:	S&P 500 index, Russell 2000 index, Euro Stoxx 50 index, VanEck Vectors Gold Miners ETF
Amount:	$1 million
Maturity:	Nov. 27, 2019
Coupon:	9.7% annualized, payable monthly if each underlying asset closes at or above coupon barrier on valuation date for that month
Price:	Par
Payout at maturity:	Par unless any asset finishes below initial level or any asset has closed below knock-in level on any day during the life of the notes, in which case full exposure to losses of the least-performing asset
Call:	At par plus contingent coupon if each asset closes at or above initial level on any monthly valuation date between November 2018 and October 2019
Initial levels:	2,724.44 for S&P, 1,625.237 for Russell, 3,587.25 for Stoxx, $22.13 for gold miners
Coupon barriers/knock-in levels:	1,770.886 for S&P, 1,056.404 for Russell, 2,331.713 for Stoxx, $14.385 for gold miners, 65% of initial levels
Pricing date:	May 22
Settlement date:	May 25
Agent:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17324CV29

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