By Wendy Van Sickle
Columbus, Ohio, July 16 – Citigroup Global Markets Holdings Inc. priced $507,000 of 0% autocallable barrier securities due July 11, 2023 linked to the least performing of the iShares Silver Trust and VanEck Vectors Gold Miners ETF, 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 call premium of 26.8% per year if each ETF closes at or above its initial level on any semiannual call date.
If the final level of each ETF return is positive or flat, the payout at maturity will be par plus the ETF return. The payout will be par if the final level of each ETF is less than its initial level but greater than or equal to the barrier level, 60% of the initial level. If either ETF finishes below the barrier level, investors will be fully exposed to the decline of the least performing ETF.
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 barrier securities
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| Underlying ETFs: | iShares Silver Trust and VanEck Vectors Gold Miners ETF
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| Amount: | $507,000
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| Maturity: | July 11, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each ETF return is positive, par plus least performing ETF return; par if final level of least performing ETF is less than initial level but greater than or equal to barrier level; full exposure to decline if least performing ETF finishes below barrier level
|
| Call: | At par plus call premium of 26.8% per year if ETF closes at or above initial level on any semiannual call date
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| Initial ETF levels: | $17.05 for silver, 2,022.174 for gold
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| Trigger levels: | $10.23 for silver, $22.104 for gold, 60% of initial levels
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| Pricing date: | July 6
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| Settlement date: | July 9
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17328VZH6
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