By Kiku Steinfeld
Chicago, Aug. 2 – Citigroup Global Markets Holdings Inc. priced $5.37 million of 8% autocallable equity-linked securities due Oct. 20, 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 will be automatically called at par after six months if both indexes close at or above their initial levels on a potential autocall date, which occur quarterly.
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: | $5,369,000
|
| Maturity: | Oct. 20, 2022
|
| Coupon: | 8%, payable quarterly
|
| Price: | Par
|
| Call: | Automatically called at par after six months if both indexes close at or above their initial levels on a quarterly 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: | 4,327.16 for S&P and 2,163.238 for Russell
|
| Buffer levels: | 3,245.370 for S&P and 1,622.429 for Russell; 75% of initial levels
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17329Q4V9
|
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