By Wendy Van Sickle
Columbus, Ohio, March 30 – Citigroup Global Markets Holdings Inc. priced $2.21 million of 0% autocallable securities due March 28, 2025 linked to the worst performing of the S&P 500 index and the Russell 2000 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 premium of 15% per year if each asset closes at or above its initial level on any annual call valuation date.
The premium for the final valuation date is 75% and will be paid if each index closes above its initial level.
Otherwise, the payout at maturity will be par unless either underlying asset finishes below its 60% barrier level, in which case investors will lose 1% for every 1% that the worst performing index declines.
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 assets: | S&P 500 index, Russell 2000 index
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| Amount: | $2,206,000
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| Maturity: | March 28, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 75% if each index finishes above initial level; par if lesser-performing underlying asset falls by up to barrier level; otherwise, 1% loss for every 1% that lesser performing index declines
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| Call: | At par plus a premium of 15% per year if each asset closes at or above its initial value on any annual call valuation date
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| Initial levels: | 2,475.56 for S&P, 1,110.365 for Russell
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| Barrier levels: | 1,485.336 for S&P, 666.219 for Russell; 60% of initial values
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| Pricing date: | March 25
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| Settlement date: | March 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17328VDQ0
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