By Sarah Lizee
Olympia, Wash., Oct. 7 – Citigroup Global Markets Holdings Inc. priced $1.54 million of 0% autocallable securities due Sept. 30, 2024 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 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 8.5% per year if each asset closes at or above its initial level on any quarterly call valuation date after one year.
The payout at maturity will be the 42.5% premium applicable to that valuation date if the worst performing index closes above its initial value.
The payout at maturity will be par if the worst performing index finishes above its 70% trigger level and below its initial value, otherwise investors will be exposed to losses of the worst performing index.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Global Markets Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Dow Jones industrial average, Russell 2000 index
|
| Amount: | $1,535,000
|
| Maturity: | Sept. 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 42.5% call premium if worst performing asset finishes above initial level; par if worst performing asset finishes below initial value but above 70% trigger level; otherwise exposure to losses of worst performing index
|
| Call: | At par plus a premium of 8.5% per year if each asset closes at or above its initial value on any quarterly call valuation date after one year
|
| Initial values: | 26,970.71 for Dow, 1,550.654 for Russell
|
| Trigger values: | 18,879.497 for Dow, 1,085.458 for Russell; 70% of initial values
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17327TNF9
|
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