By Taylor Fox
New York, Dec. 18 – Citigroup Global Markets Holdings Inc. priced $7.32 million of 0% jump securities with autocallable feature due Dec. 16, 2025 linked to the performance of the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par of $10 plus an annual premium of 9% if the fund closes at or above its initial level on any quarterly automatic early redemption date starting after one year.
The payout at maturity will be par plus 45% if the ETF is flat or finishes above its initial level.
If the fund finishes above 80% of their initial values, investors will receive par.
Otherwise, investors will be fully exposed to the losses of the fund.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Jump securities with autocallable feature
|
| Underlying fund: | SPDR S&P Regional Banking ETF
|
| Amount: | $7,315,100
|
| Maturity: | Dec. 16, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | At par plus an annual premium of 9% if the fund closes above its initial level on any quarterly automatic early redemption date starting after one year
|
| Payout at maturity: | Par plus the premium if the fund finishes above initial level; par if fund declines, but finishes above 80% of initial level; otherwise, full exposure to losses of fund
|
| Initial level: | 50.74
|
| Trigger level: | 40.592; 80% of initial levels
|
| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 16
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17328L391
|
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