By Kiku Steinfeld
Chicago, May 20 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% autocallable buffer securities due Oct. 19, 2023 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a 9.75% call premium if the index closes at or above the initial index level on Oct. 21, 2022.
If the notes are not called and the index finishes at or above initial level, the payout at maturity will be par plus 1.3 times the return.
If the index declines up to the 85% buffer level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the index 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 buffer securities
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Underlying index: | MSCI Emerging Markets
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Amount: | $1 million
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Maturity: | Oct. 19, 2023
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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 initial level, par plus 1.3 times the index’s return; if the index declines up to 15%, par; otherwise, 1% loss for every 1% drop beyond 15%
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Call: | Automatically at par plus 9.75% if index closes at or above initial index level on Oct. 21, 2022
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Initial level: | 1,283.67
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Buffer level: | 1,091.1195; 85% of initial level
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Pricing date: | Oct. 15, 2021
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Settlement date: | Oct. 20, 2021
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17329U6W6
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