By Wendy Van Sickle
Columbus, Ohio, Sept. 8 – Citigroup Global Markets Holdings Inc. priced $20 million of 0% autocallable securities due Sept. 5, 2031 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index closes at or above of its initial level on any annual valuation date, the notes will be called at par plus an annual premium of 7%.
If the index finishes at or above its initial level, the payout at maturity will be par plus 70%.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| 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 index: | S&P 500 index
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| Amount: | $20 million
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| Maturity: | Sept. 5, 2031
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 70%; otherwise, investors will lose 1% for each 1% decline from initial level
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| Call: | If the index closes at or above its initial level on any annual valuation date, at par plus an annual premium of 7%
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| Initial level: | 4,522.68
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| Pricing date: | Sept. 1
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| Settlement date: | Sept. 7
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17329QWK2
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