New Issue: Citigroup prices $100,000 contingent coupon autocallables linked to S&P, Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, July 10 – Citigroup Global Markets Holdings Inc. priced $100,000 of autocallable contingent coupon equity-linked securities due Oct. 1, 2020 linked to the least performing of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each quarter, the notes pay a contingent coupon at the rate of 8.5% per year if the least-performing index closes at or above its knock-in value, 70% of its initial level, on the valuation date for that quarter.

Beginning in December, the notes will be automatically called at par if the least-performing index closes at or above its initial level on any quarterly potential redemption date.

The payout at maturity will be par unless the least-performing index finishes below its initial level and any index closes below its knock-in value during the life of the notes, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity-linked securities
Underlying indexes:	Euro Stoxx 50, S&P 500 and Russell 2000
Amount:	$100,000
Maturity:	Oct. 1, 2020
Coupon:	8.5% per year, payable quarterly if least-performing index closes at or above knock-in value on valuation date for that quarter
Price:	Par
Payout at maturity:	Par unless least-performing index finishes below initial level and any index closes below knock-in value during life of notes, in which case 1% loss for every 1% that least-performing index declines from initial level
Call:	Beginning in December, notes will be automatically called at par if least-performing index closes at or above initial level on any quarterly potential redemption date
Initial levels:	3,473.69 for Stoxx, 1,566.572 for Russell 2000 and 2,941.76 for S&P 500
Knock-in value:	2,431.583 for Stoxx, 1,096.6 for Russell 2000 and 2,059.232 for S&P 500, or 70% of initial levels
Pricing date:	June 28
Settlement date:	July 3
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.9%
Cusip:	17326YBF2

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