By Wendy Van Sickle
Columbus, Ohio, Oct. 29 – Citigroup Global Markets Holdings Inc. priced $4.11 million of autocallable contingent coupon equity-linked securities due Nov. 1, 2021 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% if the stock closes at or above its 68% coupon barrier on the review date for that quarter, plus any previously unpaid coupon.
The notes will be called at par if the stock closes at or above its initial level on a quarterly call date.
The payout at maturity will be par unless the stock finishes below its 68% barrier level, in which case investors will receive 8.57633 Apple shares.
The notes are guaranteed by Citigroup Global Markets 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 stock: | Apple Inc.
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Amount: | $4,108,000
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Maturity: | Nov. 1, 2021
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Coupon: | 8% annualized, payable quarterly if stock closes at or above 68% coupon barrier on review date for that quarter, plus any previously unpaid coupon
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Price: | Par
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Payout at maturity: | Par unless stock finishes below 68% barrier, in which case 8.57633 Apple shares or the cash equivalent
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Call: | At par if stock closes at or above its initial level on a quarterly call date
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Initial level: | $116.60
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Barrier level: | $79.288, 68% of initial level
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Pricing date: | Oct. 27
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Settlement date: | Oct. 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17324X4Q0
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