By William Gullotti
Buffalo, N.Y., May 5 – Citigroup Global Markets Holdings Inc. priced $1.14 million of 0% autocallable securities due April 30, 2026 tied to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index closes at or above of its initial level on any quarterly valuation date after one year, the notes will be called at par plus an annual premium of 12.35%.
If each index finishes at or above its initial level, the payout at maturity will be par plus 49.4%.
If the least performing index finishes below its initial level but not below the buffer level, 90% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index below 10%.
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 indexes: | Russell 2000 index, Nasdaq-100 index
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Amount: | $1.14 million
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Maturity: | April 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 49.4%; if the least performing index finishes below its initial level but not below the buffer level, par; otherwise, investors will lose 1% for each 1% decline of the worst performing index below 10%
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Call: | If each index closes at or above its initial level on any quarterly valuation date after one year, the notes will be called at par plus an annual premium of 12.35%
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Initial levels: | 13,003.36 for Nasdaq, 1,884.038 for Russell
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Buffer levels: | 11,703.024 for Nasdaq, 1,695.634 for Russell; 90% of initial levels
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Pricing date: | April 27
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Settlement date: | May 2
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3.75%
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Cusip: | 17330FP54
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