By Sarah Lizee
Olympia, Wash., Oct. 18 – Citigroup Global Markets Holdings Inc. priced $800,000 of autocallable equity-linked securities due Oct. 21, 2020 tied to shares of Slack Technologies, Inc., Kohl's Corp. and GrubHub Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 21.85% per year, payable monthly.
The notes will be automatically redeemed at par plus interest if the worst-performing stock closes at or above its initial price on any quarterly observation date.
If the notes are not called and the final price each stock is at least 50% of its initial price, the payout at maturity will be par. Otherwise, the payout will be the final share price of the worst-performing stock multiplied by its equity ratio, $1,000 divided by the initial share price.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable equity-linked securities
|
| Underlying stocks: | Slack Technologies, Inc., Kohl's Corp. and GrubHub Inc.
|
| Amount: | $800,000
|
| Maturity: | Oct. 21, 2020
|
| Coupon: | 21.85%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if each stock’s final price is at least 50% of initial price; otherwise, exposure to the decline of the worst performing stock
|
| Call: | At par plus interest if the worst-performing stock closes at or above initial price on any quarterly observation date
|
| Initial prices: | $23.64 for Slack, $51.02 for Kohl’s, $55.64 for GrubHub
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| Downside thresholds: | $11.820 for Slack, $25.510 for Kohl’s, $27.820 for GrubHub; 50% of initial prices
|
| Pricing date: | Oct. 16
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| Settlement date: | Oct. 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.875%
|
| Cusip: | 17327TRX6
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