By Emma Trincal
New York, Oct. 22 – Citigroup Global Markets Holdings Inc. priced $1.96 million of 0% autocallable securities due Oct. 23, 2026 tied to the MSCI Emerging Markets 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 100% of its initial level on any quarterly valuation date after one year, the notes will be called at par plus an annualized call premium of 8.65%.
If the index finishes at or above its initial level, the payout at maturity will be par plus 43.25%, the premium applicable to the final valuation date.
If the index declines by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% decline of the index beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
The notes priced on Oct. 20 and will settle on Oct. 25.
The Cusip number is 17329U4W8.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying index: | MSCI Emerging Markets index
|
| Amount: | $1.96 million
|
| Maturity: | Oct. 23, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 43.25%; if the index falls by up to 20%, par; otherwise, investors will lose 1.25% for each 1% decline beyond 20%
|
| Call: | If index closes at or above 100% of its initial level on any quarterly valuation date after one year par plus a premium of 8.65% a year
|
| Initial level: | 1,301.13
|
| Buffer level: | 1,040.904; 80% of initial level
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 25
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17329U4W8
|
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