Chicago, Sept. 27 – Citigroup Global Markets Holdings Inc. priced $600,000 of 0% autocallable barrier securities due Feb. 7, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be called at par plus an annual call premium of 10.75% if the index closes at or above its initial level on any annual call observation date.
If the index return is positive, the payout at maturity will be the greater of par plus the index return or the 35% maturity date premium. The payout will be par if the final index level is less than the initial index level but greater than or equal to the barrier level, 75% of the initial level. If the index finishes below the barrier level, investors will be fully exposed to the decline.
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 barrier securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $600,000
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| Maturity: | Feb. 7, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus greater of index return and par plus 35%; par if final index level is less than initial index level but greater than or equal to barrier level; full exposure to decline if index finishes below barrier level
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| Call: | At par plus annual call premium of 10.75% if index closes at or above initial level on any annual observation date
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| Initial index level: | 4,086.58
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| Barrier level: | 3,064.935; 75% of initial level
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| Pricing date: | Feb. 4
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| Settlement date: | Feb. 9
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.35%
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| Cusip: | 17330A3E0
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