By Wendy Van Sickle
Columbus, Ohio, Aug. 26 – Citigroup Global Markets Holdings Inc. priced $5.69 million of 0% autocallable dual directional buffer securities due Feb. 24, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus 7.5% if the index closes at or above 107.5% of its initial level on Aug. 27, 2021.
If the index finishes at or above its initial level, the payout at maturity will be par plus the index return, up to a 15% maximum upside return.
If the index falls by up to 15, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 15%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable dual directional buffer securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $5,686,000
|
| Maturity: | Feb. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 7.5% if index closes at or above 107.5% of initial level on Aug. 27, 2021
|
| Payout at maturity: | If index finishes at or above initial level, par plus index return, up to 15% maximum upside return; if index falls by up to 15%, par plus absolute value of index return; otherwise, 1% loss for each 1% decline of index beyond 15%
|
| Initial level: | 1,552.476
|
| Premium threshold: | 1,668.912, 107.5% of initial level
|
| Buffer value: | 1,319.605, 85% of initial level
|
| Pricing date: | Aug. 21
|
| Settlement date: | Aug. 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17328WMG0
|
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