By Taylor Fox
New York, Nov. 16 – Citigroup Global Markets Holdings Inc. priced $4.5 million of 0% autocallable securities due Oct. 30, 2025 linked to the worst performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index closes at or above its initial level on any quarterly valuation date after one year, the notes will be called at par plus an annual premium of 5.5%.
If each index finishes above its initial level, investors will receive par plus the 27.5% final call premium at maturity.
If the lesser-performing index falls by up to 15%, the payout will be par.
Otherwise, investors will participate in the losses of the worst performer beyond the 15% buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying indexes: | Russell 2000 index, Dow Jones industrial average
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| Amount: | $4,504,000
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| Maturity: | Oct. 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus maturity date premium of 27.5%; par if lesser-performing index falls by up to 15%; otherwise exposure to losses of worst performer beyond 15% buffer
|
| Call: | Automatically at par plus an annualized premium of 5.5% if each index closes at or above its initial level on any quarterly call date starting after one year
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| Initial levels: | 1,590.482 for Russell, 27,463.19 for Dow
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| Buffer levels: | 1,351.91 for Russell, 23,343.712 for Dow, 85% of initial levels
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| Pricing date: | Oct. 27
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| Settlement date: | Oct. 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17328WQM3
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