By Wendy Van Sickle
Columbus, Ohio, April 12 – Citigroup Global Markets Holdings Inc. priced $2.96 million of 0% autocallable market-linked notes due March 30, 2028 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a premium of 4.25% a year if the index closes above its threshold level on any annual observation date after two years. The threshold level will be 106% of the initial level on the first observation date and will step up by 3% a year.
The payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable market-linked notes
|
| Underlying index: | Citi Dynamic Asset Selector 5 Excess Return index
|
| Amount: | $2,955,000
|
| Maturity: | March 30, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 4.25% annualized premium if index closes above threshold level on any annual observation date after two years
|
| Threshold level: | 106% of initial level on first observation date, steps up by 3% a year
|
| Payout at maturity: | Par plus any index gain; if index finishes flat or falls, par
|
| Initial level: | 229.97
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17328YRG1
|
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