By William Gullotti
Buffalo, N.Y., June 14 – Citigroup Global Markets Holdings Inc. priced $700,000 of 0% autocallable securities due May 26, 2026 tied to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If index closes at or above of its 100% of its initial level on any annual valuation date, the notes will be called at par plus a premium of 5.9% a year.
If index finishes at or above its initial level, the payout at maturity will be par plus 29.5%.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
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| Underlying index: | MSCI Emerging Markets index
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| Amount: | $700,000
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| Maturity: | May 26, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 29.5%; investors will lose 1% for each 1% decline from initial level
|
| Call: | If index closes at or above 100% of its initial level on any annual valuation date, at par plus a premium of 5.9% a year
|
| Initial level: | 1,329.31
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17329FRQ9
|
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