New York, Dec. 9 – Citigroup Global Markets Holdings Inc. priced $7.68 million of 0% autocallable buffer securities due Dec. 10, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 9.55% per year if the index closes at or above its premium threshold value on an annual review date. The premium threshold value is 95% of the initial index level on the first two review dates and 90% of the initial index level on the final review date.
If the index finishes at or above its premium threshold value, the payout at maturity will be par plus 28.65%. Investors will receive par if the index ends below its premium threshold value but at or above its 85% buffer level. Otherwise, they will lose 1% for every 1% that the index declines beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| 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: | S&P 500 index
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| Amount: | $7,675,000
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| Maturity: | Dec. 10, 2025
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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 90% premium threshold value, par plus 28.65%; if index ends below premium threshold value but at or above 85% buffer level, par; otherwise, 1% loss for every 1% that index declines beyond buffer
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| Upside leverage: | None
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| Initial level: | 4,071.7
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| Buffer: | 15%
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| Buffer level: | 3,460.945, 85% of initial level
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| Call: | Automatically at par plus premium of 9.55% per year if index closes at or above premium threshold value on any annual review date; premium threshold value is 95% of initial index level on first two review dates and 90% of initial index level on final review date
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| Strike date: | Dec. 2
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| Pricing date: | Dec. 5
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| Settlement date: | Dec. 8
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.1%
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| Cusip: | 17330YUQ1
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