By William Gullotti
Buffalo, N.Y., April 4 – Citigroup Global Markets Holdings Inc. priced $839,000 of 0% autocallable barrier securities due May 7, 2026 linked to the worst performing of the SPDR S&P 500 ETF Trust and the Nasdaq-100 index, 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 a call premium of 8% per year if each asset closes at or above its initial level on any annual call date.
If both assets close above initial level, investors will receive par at maturity.
If neither asset ever closes below its 80% knock-in level during the life of the notes, investors would also receive par.
Otherwise, investors will be fully exposed to the loss of the worst performer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable barrier securities
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| Underlying assets: | SPDR S&P 500 ETF Trust, Nasdaq-100 index
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| Amount: | $839,000
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| Maturity: | May 7, 2026
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par if both assets finish above initial levels; par if neither asset ever closes below knock-in level during the life of the notes; otherwise, full exposure to decline of lesser performing asset
|
| Call: | At par plus call premium of 8% per year if each asset closes at or above call level on any annual call date
|
| Initial index levels: | $418.20 for ETF, 13,799.72 for Nasdaq
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| Knock-in levels: | $334.56 for ETF, 11,039.776 for Nasdaq; 80% of initial levels
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| Pricing date: | May 3, 2021
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| Settlement date: | May 6, 2021
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.1%
|
| Cusip: | 17329FKM5
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