By Wendy Van Sickle
Columbus, Ohio, June 8 – Citigroup Global Markets Holdings Inc. priced $3.55 million of 0% jump securities with autocallable feature due June 3, 2021 linked to Cisco Systems, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus an annualized premium of 10.5% if the shares close above their intial price on any quarterly determination date after six months.
If the stock finishes at or above its initial level, the payout at maturity will equal par plus 31.5%.
Investors will receive par if the shares fall but not below the 80% threshold and will be fully exposed to any losses if the stock finishes below the threshold level.
Citigroup Global Markets Inc. is the agent with Morgan Stanley & Co. LLC as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Jump securities with autocallable feature
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| Underlying stock: Cisco Systems, Inc.
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| Amount: | $3.55 million
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| Maturity: | June 3, 2021
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 10.5% annualized premium if stock closes above initial price on any quarterly determination date after six months
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| Payout at maturity: | If stock finishes at or above initial price, par if shares fall but not below 80% threshold; full exposure to any losses if stock finishes below threshold level
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| Initial share price: | $42.71
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| Threshold: | $34.168, 80% of initial share price
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | Citigroup Global Markets Inc. with Morgan Stanley & Co. LLC as dealer
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| Fees: | 3%
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| Cusip: | 17326K676
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