Chicago, May 3 – Citigroup Global Markets Holdings Inc. priced $240,000 of 0% autocallable securities due March 24, 2025 linked to the worst performing of the Russell 2000 index and the Consumer Discretionary Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Citigroup will call the notes at par plus a call premium of 11.5% per year if the closing level of each asset is greater than or equal to its initial level on any annual review date.
If each asset finishes at or above its initial index level, the payout at maturity will be par plus 46%.
Investors will receive par if the final level of any asset is less than its initial level but each asset finishes at or above the trigger level, 70% of its initial level.
Otherwise, investors will lose 1% for each 1% decline of the worst performing asset from its initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Russell 2000 index and the Consumer Discretionary Select Sector SPDR fund
|
| Amount: | $240,000
|
| Maturity: | March 24, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 46% if each asset finishes above initial level; par if either asset finishes below initial level, but each asset finishes at or above trigger level; otherwise, investors will be fully exposed to decline of least performing asset
|
| Call: | Automatically at par plus annualized premium of 11.5% if each asset closes at or above initial level on any annual call date
|
| Initial levels: | 2,287.545 for index and $166.45 for ETF
|
| Triggers: | 1,601.282 for index and $116.515 for ETF; 70% of initial levels
|
| Pricing date: | March 19
|
| Settlement date: | March 24
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328YR89
|
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