By Wendy Van Sickle
Columbus, Ohio, April 25 – Citigroup Global Markets Holdings Inc. priced $28.94 million of buffered autocallable securities due April 24, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the call level on any quarterly observation date after one year, the notes will be redeemed at par plus a premium of 10.25% per year. The call level will be 90% of the initial level.
If the notes are not called and the index finishes at or above its call level, the payout at maturity will be par plus 51.25%.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffered autocallable securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $28,935,000
|
| Maturity: | April 24, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above call level, par plus 51.25%; par if the index falls by up to buffer; 1.1765% loss for each 1% decline beyond the buffer
|
| Call: | If the index closes at or above the call level on any quarterly observation date after one year, at par plus a premium of 10.25% per year; call level will be 90% of the initial level
|
| Initial level: | 4,154.52
|
| Buffer level: | 3,531.342, 85% of initial level
|
| Premium threshold value: | 3,739.068, 90% of initial level
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17331HPS9
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