By Wendy Van Sickle
Columbus, Ohio, March 22 – Citigroup Global Markets Holdings Inc. priced $27.53 million of 0% autocallable securities due March 20, 2025 tied to an equally-weighted basket consisting of the S&P 500 index with a 50% weight and the Euro Stoxx 50 index with a 50% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If basket closes at or above its initial level on an annual call date, the notes will be called at par plus a premium of 12.25% per year.
If basket finishes above its initial level, the payout at maturity will be par plus 36.75%.
If the basket declines up to 20%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the basket from its initial level.
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: | Autocallable securities
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| Underlying components: | S&P 500 index (50% weight) and Euro Stoxx 50 index (50% weight)
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| Amount: | $27,526,000
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| Maturity: | March 20, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket finishes above its initial level, par plus 36.75%; if basket declines up to 20%, par; otherwise, investors will lose 1% for each 1% decline from initial level
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| Call: | If basket closes at or above its initial level on an annual call date, at par plus a premium of 12.25% per year
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| Initial basket level: | 3,885.32 for Stoxx, 4,411.67 for S&P
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| Final barrier level: | 80% of initial basket level
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| Pricing date: | March 17
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| Settlement date: | March 22
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
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| Cusip: | 17330ASW3
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