By William Gullotti
Buffalo, N.Y., Aug. 14 – Citigroup Global Markets Holdings Inc. priced $2.8 million of 0% autocallable index-linked notes due Aug. 6, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index closes at or above its initial level on any annual call date, the notes will be called at par plus 8.53% per year.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 62.8%.
Investors will be fully exposed to any index decline.
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 index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $2.8 million
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| Maturity: | Aug. 6, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes flat or gains, par plus 25.59%; full exposure to decline
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| Call: | Automatically at par plus an 8.53% annualized call premium if the index closes at or above its initial level on any annual observation date
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| Initial index level: | 4,478.03
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| Pricing date: | Aug. 4
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| Settlement date: | Aug. 11
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.4%
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| Cusip: | 17291RZF2
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