By Kiku Steinfeld
Chicago, March 1 – Citigroup Global Markets Holdings Inc. priced $502,000 of 0% autocallable securities due Sept. 15, 2026 linked to the Russell 2000 index and the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus 5.7% per year if each asset closes at or above its initial level on any quarterly call date after one year.
The payout at maturity will be par plus 28.5% if each asset closes at or above its initial level.
If any asset falls but each asset finishes at or above the buffer level, 85% of its initial level, investors will receive par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing asset beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Russell 2000 index, SPDR S&P Biotech ETF
|
| Amount: | $502,000
|
| Maturity: | Sept. 15, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 28.5% if each asset finishes at or above initial level; par if any asset falls but each asset finishes at or above buffer level; otherwise, 1% loss for each 1% decline of the lesser performing asset beyond 15%
|
| Call: | Automatically at par plus annualized 5.7% premium if each asset closes at or above initial level on any quarterly call date after one year
|
| Initial levels: | $131.72 for ETF, 2,227.546 for index
|
| Buffer levels: | $111.962 for ETF, 1,893.414 for index; 85% of initial levels
|
| Pricing date: | Sept. 10
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| Settlement date: | Sept. 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.35%
|
| Cusip: | 17329QVQ0
|
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