Chicago, May 3 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable contingent coupon equity-linked securities due March 24, 2022 linked to the worst performing of the stocks of Boeing Co., Microsoft Corp. and Visa 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 monthly coupon at an annual rate of 17.7% if each stock closes at or above its coupon barrier price, 70% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par plus the coupon if each stock closes at or above its initial share price on any monthly autocall date after six months.
If the notes are not called and each stock finishes at or above its final barrier price, 70% of its initial share price, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the losses of the worst performer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stocks: | Boeing Co., Microsoft Corp. and Visa Inc.
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| Amount: | $500,000
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| Maturity: | March 24, 2022
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| Coupon: | 17.7% annualized rate, payable monthly if each stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each stock closes at or above final barrier price; otherwise, full exposure to losses of worst performer
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| Call: | Automatically at par plus coupon if each stock closes at or above initial level on any monthly valuation date after six months
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| Initial share prices: | $255.82 for Boeing, $230.35 for Microsoft and $206.90 for Visa
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| Coupon barrier prices: | $179.074 for Boeing, $161.245 for Microsoft and $144.830 for Visa; 70% of initial share prices
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| Final barrier prices: | $179.074 for Boeing, $161.245 for Microsoft and $144.830 for Visa; 70% of initial share prices
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| Pricing date: | March 19
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| Settlement date: | March 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17329F4F8
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