By Wendy Van Sickle
Columbus, Ohio, June 25 – Citigroup Global Markets Holdings Inc. priced $538,000 of 0% autocallable market-linked notes due June 27, 2029 linked to the Citi Dynamic Asset Selector 3.5 Excess Return 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 5.65% a year if the index closes above its threshold level on any annual observation date. The threshold level will be 102.5% of the initial level on the first observation date and will step up by 2.5% a year.
The payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable market-linked notes
|
| Underlying index: | Citi Dynamic Asset Selector 3.5 Excess Return index
|
| Amount: | $538,000
|
| Maturity: | June 27, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 5.65% annualized premium if index closes above threshold level on any annual observation date
|
| Threshold level: | 102.5% of initial level on first observation date, steps up by 2.5% a year
|
| Payout at maturity: | Par plus any index gain; if index finishes flat or falls, par
|
| Initial level: | 188.62
|
| Pricing date: | June 22
|
| Settlement date: | June 25
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.4%
|
| Cusip: | 17329FZ72
|
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