By Wendy Van Sickle
Columbus, Ohio, Dec. 15 – Citigroup Global Markets Holdings Inc. priced $12.21 million of 0% autocallable securities due June 11, 2025 linked to the worst performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
The notes are called at par plus a premium of 9.44% per year if each asset closes at or above its initial level on any semiannual valuation date after one year.
If the notes are not called and the worst performing index closes at or above its initial value, the payout will be par plus 33.04%.
If the worst performing index falls but finishes at or above its 70% trigger level, the payout will be par. Otherwise, investors will be exposed to losses of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable securities
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| Underlying assets: | Dow Jones industrial average, S&P 500 index
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| Amount: | $12,207,000
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| Maturity: | June 11, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 33.04% if worst performing asset finishes at or above initial level; par if worst performing index falls but finishes at or above its trigger level; otherwise, full exposure to losses of worst performer
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| Call: | At par plus 9.44% per year if each asset closes at or above its initial value on any semiannual valuation date after one year
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| Initial values: | 35,227.03 for Dow, 4,591.67 for S&P
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| Trigger values: | 24,658.921 for Dow, 3,214.169 for S&P; 70% of initial values
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| Pricing date: | Dec. 6
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| Settlement date: | Dec. 9
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17329UFV8
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