By Sarah Lizee
Olympia, Wash., May 6 – Citigroup Global Markets Holdings Inc. priced $250,000 of 0% autocallable securities due May 7, 2026 linked to the Euro Stoxx 50 index, 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 a 10% annualized premium if the index closes at or above its initial level on any annual call valuation date.
If the notes are not called prior to maturity and the index has not declined, the payout at maturity will be par plus the greater of the 60% premium applicable to the final valuation date and the index return. Otherwise, investors will be exposed to any losses.
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 index: | Euro Stoxx 50
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| Amount: | $250,000
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| Maturity: | May 7, 2026
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 10% annualized premium if index closes at or above initial level on any annual call valuation date
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| Payout at maturity: | If index has not declined from initial level, par plus greater of index return and 60%; 1% loss for every 1% decline
|
| Initial level: | 2,996.08
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| Pricing date: | April 30
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| Settlement date: | May 5
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.6%
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| Cusip: | 17328VV98
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