By Kiku Steinfeld
Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $688,000 of 0% autocallable barrier securities due May 27, 2026 linked to the worst performing of the Euro Stoxx index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus an annualized 10.65% premium if both indexes finish above their initial levels on any annual call observation date.
If the notes are not called and both indexes close above their initial levels, the payout at maturity will be par plus the return of the least performing index.
If the worst performer declines but finishes above 65% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index.
The notes are guaranteed by Citigroup Inc.
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 indexes: | Euro Stoxx 50 and Russell 2000
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| Amount: | $688,000
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| Maturity: | May 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If both indexes finish positive, par plus return of worst performer; par if at least one index declines but worst performer finishes above barrier level; otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index
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| Call: | At par plus premium of 10.65% if each index finishes above initial level on any annual call observation date
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| Initial levels: | 4,201.62 for Stoxx, 2,241.421 for Russell
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| Trigger levels: | 2,731.053 for Stoxx, 1,456.924 for Russell; 65% of initial levels
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| Pricing date: | May 21
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| Settlement date: | May 26
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17329FGE8
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