By William Gullotti
Buffalo, N.Y., Aug. 12 – Citigroup Global Markets Holdings Inc. priced $5.13 million of 0% autocallable barrier securities due Aug. 13, 2026 linked 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 will be automatically redeemed at par plus an annualized 9% premium if all indexes finish above their initial levels on any annual call observation date.
If the notes are not called and all indexes close above their initial levels, the payout at maturity will be par plus the return of the least performing index.
If the worst performer declines but finishes above 65% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable barrier securities
|
| Underlying indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $5,132,000
|
| Maturity: | Aug. 13, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish positive, par plus return of worst performer; par if at least one index declines but worst performer finishes above barrier level; otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index
|
| Call: | At par plus annualized premium of 9% if each index finishes above initial level on any annual call observation date
|
| Initial levels: | 4,432.35 for S&P, 2,234.808 for Russell
|
| Trigger levels: | 2,881.028 for S&P, 1,452.625 for Russell; 65% of initial levels
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 12
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17329QFF2
|
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