Chicago, Oct. 10 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% autocallable index-linked notes due Oct. 7, 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 quarterly call observation date starting after one year, the notes will be called at par plus a 9.1% annualized call premium.
If the notes are not called and the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 27.3%.
Otherwise, investors will be fully exposed to any index decline.
Citigroup Global Markets Inc. is the underwriter. Simon Markets LLC is named as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500
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| Amount: | $3,000,000
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| Maturity: | Oct. 7, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes above 90% of initial level, par plus 27.3%; otherwise, full exposure to decline
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| Call: | Automatically at par plus a 9.1% annualized call premium if the index closes at or above its initial level on any quarterly observation date starting after one year
|
| Initial index level: | 4,263.75
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| Barrier level: | 90% of initial level
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| Pricing date: | Oct. 4
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| Settlement date: | Oct. 12
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3%
|
| Cusip: | 17291QWB6
|
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