By Tali Rackner
Minneapolis, March 6 – Citigroup Global Markets Holdings Inc. priced $135,000 of 0% autocallable securities due Feb. 28, 2023 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.
Citigroup will call the notes at par of $1,000 plus a call premium of 11% per year if the index level is greater than or equal to its initial level on any of the first four annual call dates.
If the index finishes at or above its initial level, the payout at maturity will be par plus 55%.
Investors will receive par if the final index level declines by up to 20%.
Otherwise, investors will lose 1% for each 1% that the index declines from its initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $135,000
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| Maturity: | Feb. 28, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 55% if index finishes initial level; par if index declines by up to 20%; otherwise, investors will be fully exposed to any decline
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| Call: | Automatically at par plus annualized premium of 11% if index closes at or above initial level on any of first four annual call dates
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| Initial level: | 3,441.46
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| Trigger level: | 2,753.168; 80% of initial level
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
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| Cusip: | 17324CRJ7
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