By Wendy Van Sickle
Columbus, Ohio, Sept. 4 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% jump notes with autocallable feature due Sept. 3, 2025 linked to the class A common stock of CME Group Inc., 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 11.2% per year if the stock closes at or above the initial level on any semiannual determination date after one year.
If the notes are not called and the final stock level is greater than or equal to the initial stock level, the payout at maturity will be par plus 56%. If the stock falls by up to 30%, the payout will be par. If the stock falls by more than 30%, investors will have full exposure to the stock 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 stock: | CME Group Inc.
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| Amount: | $3 million
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| Maturity: | Sept. 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final stock level is greater than or equal to initial stock level, par plus 56%; par if stock falls by up to 30%; otherwise, full exposure to loss
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| Call: | Automatically at par plus 11.2% per year if stock closes at or above initial level on any semiannual determination date after one year
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| Initial level: | $177.03
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| Trigger price: | $123.921, 70% of initial level
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| Pricing date: | Aug. 28
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| Settlement date: | Sept. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.85%
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| Cusip: | 17327Y501
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