By Wendy Van Sickle
Columbus, Ohio, May 12 – Citigroup Global Markets Holdings Inc. priced $5.97 million of 0% autocallable securities due May 12, 2026 linked to the S&P 500 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 7.65% annual premium if the index closes at or above its initial level on any annual call observation date.
If the notes are not called and the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 45.9%. Otherwise, investors will be exposed to any losses of the index.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying index: | S&P 500
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| Amount: | $5.97 million
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| Maturity: | May 12, 2026
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| Coupon: | 0%
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| Price: | Par
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| Call: | Par plus 7.65% per year if index closes at or above initial level on any annual call observation date
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| Payout at maturity: | If index finishes at or above 85% of initial level, par plus 45.9%; otherwise, exposure to any losses
|
| Initial level: | 2,881.19
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| Barrier level: | 2,449.012, 85% of initial level
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| Pricing date: | May 7
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| Settlement date: | May 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17328VK66
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