By Wendy Van Sickle
Columbus, Ohio, June 3 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% jump notes with autocallable feature due June 6, 2030 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par plus 11.3% per year if the index closes at or above the initial level on any annual determination date.
If the notes are not called and the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 113%. If the final index level falls, investors will have full exposure to the index decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Jump notes with autocallable feature
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| Underlying index: | S&P 500 index
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| Amount: | $10 million
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| Maturity: | June 6, 2030
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 113%; otherwise, full exposure to loss
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| Call: | Automatically at par plus 11.3% per year if index closes at or above initial level on any annual determination date
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| Initial level: | 3,044.31
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| Pricing date: | May 29
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| Settlement date: | June 1
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 17327Y469
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