By Wendy Van Sickle
Columbus, Ohio, Feb. 13 – Citigroup Global Markets Holdings Inc. priced $15.96 million of buffered autocallable securities due Feb. 12, 2025 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the initial index level on any quarterly observation date after one year, the notes will be redeemed at par plus a premium of 8.1% per year.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 40.5%.
Investors will receive par if the index falls by up to 25 and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffered autocallable securities
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| Underlying index: | MSCI Emerging Markets
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| Amount: | $15.96 million
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| Maturity: | Feb. 12, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above initial level, par plus 40.5%; par if the index falls by up to buffer; 1% loss for each 1% decline beyond the buffer
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| Call: | If the index closes at or above the initial index level on any quarterly observation date after one year, notes will be redeemed at par plus a premium of 8.1% per year
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| Initial level: | 1,091.65
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| Buffer level: | 818.738, 75% of initial level
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17327TW93
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