By William Gullotti
Buffalo, N.Y., Aug. 23 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% autocallable index-linked notes due Aug. 19, 2026 linked to the Euro Stoxx 50 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 10.56% 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 receive par if the index falls by no more than 30% and will lose 1% for every 1% decline if it falls beyond 30%.
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: | Euro Stoxx 50
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Amount: | $1 million
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Maturity: | Aug. 19, 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, the greater of par plus 31.68% and par plus 200% of the index return; if index declines by no more than 30%, par; otherwise, full exposure to index decline from initial level
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Call: | Automatically at par plus a 10.56% 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: | 4,284.27
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Threshold level: | 70% of initial level
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Pricing date: | Aug. 16
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Settlement date: | Aug. 23
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17291Q2M5
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