By Kiku Steinfeld
Chicago, Nov. 29 – Citigroup Global Markets Holdings Inc. priced $1.02 million of 0% autocallable barrier securities due March 31, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, 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 an annualized call premium of 10.8% if each underlier closes at or above its initial level on any annual call date.
If the final level of each underlier is greater than or equal to its initial level, the payout at maturity will be par plus the gain of the least performing underlier.
If the worst performer declines but finishes at or above its final barrier level, 60% of initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the worst performer 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 barrier securities
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
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| Amount: | $1,024,000
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| Maturity: | March 31, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each underlier finishes at or above its initial level, par plus the gain of the least performing underlier; if the worst performer declines but finishes at or above final barrier, par; otherwise, full exposure to decline of worst performer from its initial level
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| Call: | At par plus 10.8% annualized call premium of if each underlier closes at or above initial level on any annual call date
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| Initial levels: | $73.76 for ETF, 3,867.73 for index
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| Final barrier levels: | $44.256 for ETF, 2,320.638 for index; 60% of initial levels
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| Pricing date: | March 25
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| Settlement date: | March 30
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 4.1%
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| Cusip: | 17330AJY9
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