By William Gullotti
Buffalo, N.Y., May 4 – Citigroup Global Markets Holdings Inc. priced $5.09 million of 0% autocallable securities due April 29, 2027 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 its initial level on any quarterly valuation date after one year, the notes will be called at par plus a premium of 7.9% premium year.
If index finishes at or above its initial level, the payout at maturity will be par plus 39.5%.
If the index declines but finishes at or above the 65% barrier level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the index below 35%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $5,085,000
|
| Maturity: | April 29, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 39.5%; if the index declines up to 35%, par; otherwise, investors will lose 1% for each 1% decline below 35%
|
| Call: | If index closes at or above its initial level on any quarterly valuation date after one year, at par plus a premium of 7.9% per year
|
| Initial level: | 4,271.78
|
| Barrier level: | 2,776.657; 65% of initial level
|
| Strike date: | April 22
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.6%
|
| Cusip: | 17330FCF6
|
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