By Kiku Steinfeld
Chicago, June 17 – Citigroup Global Markets Holdings Inc. priced $1.67 million of 0% autocallable securities due June 11, 2026 linked to the Financial Select Sector SPDR fund and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each asset closes at or above its initial level on any annual valuation date, the notes will be called at par plus an annualized 12% premium.
If each asset finishes at or above its initial level, the payout at maturity will be par plus the 60% premium for the final valuation date.
If the least-performing asset falls but not below its barrier level, 70% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing asset.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying assets: | Financial Select Sector SPDR fund, Energy Select Sector SPDR fund
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| Amount: | $1,667,000
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| Maturity: | June 11, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes above initial level, par plus 60%; if least-performing asset declines but finishes at or above final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing asset
|
| Call: | Automatically at par plus an annualized premium of 12% if each asset closes at or above its initial level on any annual valuation date
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| Initial levels: | $55.99 for Energy, $38.12 for Financial
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| Barrier levels: | $39.193 for Energy, $26.684 for Financial, 70% of initial levels
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| Pricing date: | June 8
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| Settlement date: | June 11
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.125%
|
| Cusip: | 17329FXD1
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