By William Gullotti
Buffalo, N.Y., Sept. 7 – Citigroup Global Markets Holdings Inc. priced $1.87 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due Sept. 8, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus an 11.5% call premium if the index closes at or above its initial level on Sept. 5, 2024.
The payout at maturity will be par plus 150% of any index gain.
If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,874,000
|
| Maturity: | Sept. 8, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; if index falls by up to 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
|
| Call: | Automatically at par plus an 11.5% call premium if the index closes at or above initial level on Sept. 5, 2024
|
| Initial level: | 4,315.31
|
| Threshold level: | 3,668.0135; 85% of initial level
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agents: | Wells Fargo Securities, LLC and Citigroup Global Markets Inc.
|
| Fees: | 2.575%
|
| Cusip: | 17291RXW7
|
|
|
© 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.
