By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – Citigroup Global Markets Holdings Inc. priced $1.79 million of 0% autocallable market-linked notes due Dec. 1, 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 early redemption premium of 5% per year if the index closes at or above the applicable redemption threshold on any of the nine annual determination dates.
The redemption threshold is 102.25% of the initial index level for the first determination date and steps up by 2.25% each year to a redemption threshold of 113.5% of the initial level for the ninth determination date.
If the notes have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, 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
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Amount: | $1,791,000
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Maturity: | Dec. 1, 2026
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Coupon: | 0%
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Price: | Par
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Call: | Par plus 5% per year if index closes at or above redemption threshold on any of the nine annual determination dates; redemption threshold is 102.25% of the initial index level for the first determination date and steps up by 2.25% each year to a redemption threshold of 113.5% of the initial level for the ninth determination date
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Payout at maturity: | Par plus any index gain; par if index declines
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Initial level: | 219.93
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Pricing date: | Nov. 25
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Settlement date: | Nov. 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 4.125%
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Cusip: | 17327TYT7
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