By William Gullotti
Buffalo, N.Y., Sept. 7 – Citigroup Global Markets Holdings Inc. priced $7.06 million of 0% buffered autocallable securities due Sept. 5, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a 10% annualized call premium if the index closes at or above its call level, 90% of its initial level, on any quarterly valuation date after one year.
If the notes are not called and the index finishes at or above its call level, the payout at maturity will be par plus 50%.
If the index finishes below its call level but does not decline by more than 15%, the payout will be par. Otherwise, investors will lose 1.17647% for every 1% of index decline beyond 15%.
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: | Buffered autocallable securities
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| Underlying index: | Russell 2000 index
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| Amount: | $7,061,000
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| Maturity: | Sept. 5, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above call level, par plus 50%; par if index finishes below call level but at or above buffer level; otherwise, 1.17647% loss for every 1% of index decline beyond 15%
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| Call: | Automatically at par plus a 10% annualized call premium if the index closes at or above its call level on any quarterly valuation date after one year
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| Initial level: | 1,903.213
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| Call level: | 1,712.892; 90% of initial level
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| Buffer level: | 1,617.731; 85% of initial level
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| Pricing date: | Aug. 30
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| Settlement date: | Sept. 5
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | None
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| Cusip: | 17291QCA0
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