By Marisa Wong
Los Angeles, Sept. 24 – Citigroup Global Markets Holdings Inc. priced $29.13 million of 0% autocallable notes due Aug. 3, 2022 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.
If the index closes at or above its initial level on Sept. 30, 2021, the notes will be redeemed at par plus a premium of 10%.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 4 times the index return, capped at par plus 60%. Investors will be fully exposed to any index decine.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable notes
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| Underlying index: | S&P 500 index
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| Amount: | $29,132,000
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| Maturity: | Aug. 3, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 4 times any index gain, capped at par plus 60%; full exposure to losses
|
| Call: | At 110% of par if the index closes at or above the initial level on Sept. 30, 2021
|
| Initial level: | 3,315.57
|
| Pricing date: | Sept. 22
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| Settlement date: | Sept. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17328WVM7
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