By William Gullotti
Buffalo, N.Y., March 2 – Citigroup Global Markets Holdings Inc. priced $1.32 million of 0% autocallable securities due Feb. 26, 2027 tied to the Euro Stoxx 50 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 7.8% a year.
If index finishes at or above its initial level, the payout at maturity will be par plus 39%.
If the index declines up to 30%, the payout will be par. 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: | Euro Stoxx 50 index
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| Amount: | $1,317,000
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| Maturity: | Feb. 26, 2027
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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 39%; if the index declines up to 30%, par; otherwise, investors will lose 1% for each 1% decline from 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 7.8% a year
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| Initial level: | 3,973.41
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| Barrier level: | 2,781.387; 70% of initial level
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.25%
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| Cusip: | 17330ACX8
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