By Kiku Steinfeld
Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $5 million of 0% autocallable securities due May 27, 2031 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, 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 plus a premium of 10.08% per year if each index closes at or above its initial level on any annual call valuation date.
The premium for the final valuation date is 100.8% and will be paid if each index finishes at or above its initial level. Otherwise, investors will be fully exposed to the losses of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | S&P 500 index, Euro Stoxx 50 index
|
| Amount: | $5 million
|
| Maturity: | May 27, 2031
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 100.8% if each index finishes at or above initial level; otherwise, exposure to losses of worst performing index
|
| Call: | Automatically at par plus a premium of 10.08% per year if each index closes at or above its initial value on any annual call valuation date
|
| Initial levels: | 4,159.12 for S&P, 3,999.91 for Stoxx
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17329FDU5
|
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