By William Gullotti
Buffalo, N.Y., Jan. 18 – Citigroup Global Markets Holdings Inc. priced $3.97 million of market-linked securities – autocallable with 1-to-1 downside due Dec. 30, 2025 linked to the performance of the S&P 500 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 an annualized call premium of 13% if the index closes at or above its initial level on any annual valuation date including the final.
If the notes are not called, investors will be fully exposed to the decline of the index from its initial level.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market linked securities – autocallable with 1-to-1 downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,965,000
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| Maturity: | Dec. 30, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If not called, 1% loss per 1% decline from initial level
|
| Call: | At par plus an annualized call premium of 13% if index closes at or above its initial level on any annual valuation date including the final
|
| Initial level: | 3,829.25
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 30
|
| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
|
| Fees: | 2.425%
|
| Cusip: | 17330YX96
|
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