By Sarah Lizee
Olympia, Wash., Aug. 6 – Citigroup Global Markets Holdings Inc. priced $4.56 million of 0% autocallable securities due July 31, 2025 linked to the worst performing of the Dow Jones industrial average 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 8% annualized if each asset closes at or above its initial level on any quarterly call valuation date after one year.
The premium for the final valuation date is 40% and will be paid if each index finishes at or above its initial level.
Otherwise, the payout at maturity will be par unless either underlying asset finishes below its 60% trigger level, in which case investors will lose 1% for every 1% that the worst performing index declines from its initial level.
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: | Dow Jones industrial average, Russell 2000 index
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| Amount: | $4,564,000
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| Maturity: | July 31, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 40% if each index finishes at or above initial level; par if least-performing underlying asset falls but finishes at or above trigger level; otherwise, 1% loss for every 1% that least-performing index declines from initial level
|
| Call: | At par plus a premium of 8% per year if each asset closes at or above its initial value on any quarterly call valuation date after one year
|
| Initial levels: | 26,379.28 for Dow, 1,469.755 for Russell
|
| Trigger levels: | 15,827.568 for Dow, 881.853 for Russell; 60% of initial values
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| Pricing date: | July 28
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| Settlement date: | July 31
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.75%
|
| Cusip: | 17328W3P1
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