By Wendy Van Sickle
Columbus, Ohio, June 25 – Citigroup Global Markets Holdings Inc. priced $772,000 of 0% autocallable securities due June 26, 2024 linked to the Euro Stoxx Banks index, the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, 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 of $1,000 plus a call premium of 13.5% per year if the closing level of each asset is greater than or equal to its initial level on any quarterly call date after six months.
If each asset finishes at or above its initial index level, the payout at maturity will be par plus 40.5%.
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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying assets: | Euro Stoxx Banks index, iShares MSCI Emerging Markets ETF, iShares MSCI EAFE ETF
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| Amount: | $772,000
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| Maturity: | June 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 40.5% 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
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| Call: | Automatically at par plus annualized premium of 13.5% if each asset closes at or above initial level on any quarterly call date after six months
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| Initial levels: | 94.64 for index and $79.55 for EAFE, $54.46 for Emerging Markets
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| Triggers: | 66.248 for index and $55.685 for EAFE, $38.122 for Emerging Markets; 70% of initial levels
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| Pricing date: | June 21
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| Settlement date: | June 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.95%
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| Cusip: | 17329FX58
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