By Wendy Van Sickle
Columbus, Ohio, Dec. 18 – Citigroup Global Markets Holdings Inc. priced $8.47 million of 0% autocallable securities due Dec. 20, 2022 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a premium of 10.05% per year if each index closes at or above its initial level on any of the first 19 quarterly valuation dates.
If each index finishes at or above its initial level, the payout at maturity will be par plus 50.25%.
If the worse performing index falls by up to 40%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
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| Underlying indexes: | Russell 2000, Euro Stoxx 50
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| Amount: | $8,474,000
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| Maturity: | Dec. 20, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 50.25%; if worse performing index falls but finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of the worst performing index from its initial level
|
| Call: | Automatically at par plus a premium of 10.05% per year if each index closes at or above its initial level on any of the first 19 quarterly valuation dates
|
| Initial levels: | 1,524.446 for Russell, 3,581.75 for Stoxx
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| Trigger levels: | 914.668 for Russell, 2,149.05 for Stoxx; 60% of initial levels
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| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 18
|
| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3%
|
| Cusip: | 17324CQ33
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