By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – Citigroup Global Markets Holdings Inc. priced $1.05 million of 0% autocallable market-linked notes due Sept. 26, 2026 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus an annual premium of 6.25% if, on an annual valuation date, the closing level of the index is greater than or equal to the applicable premium threshold level. The premium threshold level will start at 103% of the initial level on Sept. 23, 2020, stepping up 300 basis points each year to 118% of the initial level on Sept. 23, 2025.
If the index return is positive, the payout at maturity will be par plus the index gain. Otherwise, the payout will be par.
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 market-linked notes
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| Underlying index: | Citi Dynamic Asset Selector 5 Excess Return index
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| Amount: | $1.05 million
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| Maturity: | Sept. 26, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus the index gain; otherwise, par
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| Call: | Automatically at par plus an annual premium of 6.25% if, on an annual valuation date, the closing level of the index is greater than or equal to the applicable premium threshold level; premium threshold level will start at 103% of the initial level on Sept. 23, 2020, stepping up 300 bps each year to 118% of the initial level on Sept. 23, 2025
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| Initial level: | 219.52
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| Pricing date: | Sept. 23
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| Settlement date: | Sept. 26
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.9%
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| Cusip: | 17327TDM5
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