By Wendy Van Sickle
Columbus, Ohio, June 26 – Citigroup Global Markets Holdings Inc. priced $5.42 million of buffered autocallable securities due June 240, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the call level on any quarterly observation date after one year, the notes will be redeemed at par plus a premium of 8% per year. The call level will be 90% of the initial level.
If the notes are not called and the index finishes at or above its call level, the payout at maturity will be par plus 40%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered autocallable securities
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| Underlying index: | S&P 500 index
|
| Amount: | $5,415,000
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| Maturity: | June 24, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above call level, par plus 40%; par if the index falls by up to buffer; 1.25% loss for each 1% decline beyond the buffer
|
| Call: | If the index closes at or above the call level on any quarterly observation date after one year, at par plus a premium of 8% per year; call level will be 90% of the initial level
|
| Initial level: | 3,097.74
|
| Buffer level: | 2,478.192, 80% of initial level
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| Premium threshold value: | 2,787.966, 90% of initial level
|
| Pricing date: | June 14
|
| Settlement date: | June 20
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328VYW4
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