By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – Citigroup Global Markets Holdings Inc. priced $713,000 of 0% autocallable securities due Nov. 29, 2023 linked to the Russell 2000 index and the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Citigroup will call the notes at par of $1,000 plus a call premium of 8.2% per year if the closing level of each asset is greater than or equal to 95% of its initial level on any annual call date.
If each asset finishes at or above 95% of its initial index level, the payout at maturity will be par plus 41%.
Investors will receive par if the final level of any asset is less than 95% of its initial level but each asset finishes at or above the trigger level, 70% of its initial level.
Otherwise, investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Russell 2000 index, Health Care Select Sector SPDR fund
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| Amount: | $713,000
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| Maturity: | Nov. 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 41% if each asset finishes above 95% of initial level; par if either asset finishes below 95% of initial level, but each asset finishes at or above buffer level; otherwise, full exposure to decline of the lesser performing asset
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| Call: | Automatically at par plus annualized premium of 8.2% if each asset closes at or above 95% of initial level on any annual call date
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| Initial levels: | $98.26 for ETF, 1,588.943 for index
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| Buffer levels: | $68.782 for ETF, 1,112.26 for index; 70% of initial levels
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| Pricing date: | Nov. 22
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| Settlement date: | Nov. 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17327TRC2
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