By Wendy Van Sickle
Columbus, Ohio, Feb. 13 – Citigroup Global Markets Holdings Inc. priced $524,000 of autocallable contingent coupon equity-linked securities due Aug. 11, 2022 linked to the least performing of the common stocks of Square, Inc. and Splunk Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 14.55% per year if the least-performing stock closes at or above its coupon barrier value, 70% of its initial share price, on the valuation date for that quarter.
The notes will be automatically called at par if the least-performing stock closes at or above 90% of its initial price on any quarterly valuation date other than the final one.
The payout at maturity will be par unless the least-performing stock finishes below its final barrier value, 70% of its initial share price, in which case investors will have full exposure to loss of least-performing stock.
The notes are guaranteed by Citigroup Inc.
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: | Splunk Inc., Square, Inc.
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Amount: | $524,000
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Maturity: | Aug. 11, 2022
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Coupon: | 14.55% per year, payable quarterly if least-performing stock closes at or above coupon barrier value on valuation date for that quarter
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Price: | Par
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Payout at maturity: | Par unless least-performing stock finishes below final barrier value, in which case full exposure to loss of least-performing stock
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Call: | Automatically at par if least-performing stock closes at or above 90% of initial share price on any quarterly valuation date on any quarterly valuation date other than the final one
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Initial share prices: | $78.51 for Square, $162.67 for Splunk
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Coupon barriers: | $54.957 for Square, $113.869 for Splunk, or 70% of initial share prices
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Barrier values: | $54.957 for Square, $113.869 for Splunk, or 70% of initial share prices
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Pricing date: | Feb. 6
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Settlement date: | Feb. 11
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17327TS80
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