Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $904,000 of 0% autocallable securities due June 4, 2026 linked to the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting on June 3, 2024 with a premium of a 17.8% annual rate if the ETF closes above its initial value and on any subsequent quarterly review date.
If the ETF gains the payout at maturity will be par plus the 53.4% premium for the final valuation date. Otherwise, investors lose 1% for every 1% that the ETF declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying ETF: | United States Oil Fund, LP
|
| Amount: | $904,000
|
| Maturity: | June 4, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above its initial value, par plus 53.4% premium for final valuation date; otherwise 1% loss for every 1% that ETF declines
|
| Call: | Automatically starting on June 3, 2024 with a premium of a 17.8% annual rate if the ETF closes above its initial value and on any subsequent quarterly review date
|
| Initial level: | $60.63
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.75%
|
| Cusip: | 17291RGZ9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
