Chicago, May 19 – Citigroup Global Markets Holdings Inc. priced $9.62 million of 8.2% autocallable equity-linked securities due July 21, 2022 tied to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable quarterly.
The notes may be called quarterly at par after six months if both indexes finish above their initial levels on a related potential redemption date.
If both indexes finish at or above their initial levels or neither index ever closes below 75% of its initial level any day during the life of the notes, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable equity-linked securities
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $9,621,000
|
| Maturity: | July 21, 2022
|
| Coupon: | 8.2%, payable quarterly
|
| Price: | Par
|
| Call: | Callable quarterly at par after six months if both indexes finish above initial levels on related redemption date
|
| Payout at maturity: | If both indexes finish at or above initial levels or never close below 75% of their initial levels, par; otherwise, investors will lose 1% for every 1% decline of the lesser-performing index
|
| Initial index levels: | 4,185.47 for S&P and 2,262.670 for Russell
|
| Buffer levels: | 3,139.103 for S&P and 3,139.103 for Russell; 75% of initial levels
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17329FDR2
|
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