By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – Citigroup Global Markets Holdings Inc. priced $5 million of 0% autocallable securities due Dec. 19, 2024 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 index closes at or above of its 100% of its initial level on any quarterly valuation date after one year, the notes will be called at par plus a premium of 7.3% a year.
If index finishes at or above its initial level, the payout at maturity will be par plus 21.9%.
If the index declines by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the index from the 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: | $5 million
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| Maturity: | Dec. 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, par plus 21.9%; if the index falls by up to 20%, par; otherwise, investors will lose 1% for each 1% decline from the initial level
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| Call: | If index closes at or above 100% of its initial level on any quarterly valuation date after one year, at par plus a premium of 7.3% a year
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| Initial level: | 4,668.67
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| Barrier level: | 3,734.936; 80% of initial level
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 21
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
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| Cusip: | 17329US44
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