By Wendy Van Sickle
Columbus, Ohio, March 22 – Citigroup Global Markets Holdings Inc. priced $15.8 million of 0% autocallable securities due March 22, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If index closes at or above 90% of its initial level on any quarterly valuation date after one year, the notes will be called at par plus a premium of 9.25% per year.
If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be par plus 46.25%
If the final index level is less than 90% of the initial index level but greater than or equal to 85% of the initial index level, the payout will be par.
If the final index level is less than 85% of the initial index level, investors will lose 1.176471% for every 1% that the index declines beyond 15%.
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: | $15,795,000
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| Maturity: | March 22, 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 autocall barrier, par plus 46.25%; if index finishes below autocall barrier but at or above buffer level, par; otherwise, 1.176471% loss for each 1% beyond 15%
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| Call: | At par plus 9.25% per year if index closes at or above 90% of its initial level on any quarterly valuation date after one year
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| Initial level: | 4,411.67
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| Autocall barrier: | 3,970.503, 90% of initial level
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| Buffer level: | 3,749.9195; 85% of initial level
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| Pricing date: | March 17
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| Settlement date: | March 22
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17330AQM7
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