By William Gullotti
Buffalo, N.Y., July 6 – Citigroup Global Markets Holdings Inc. priced $1.19 million of 0% autocallable market-linked securities due July 5, 2028 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Citigroup Inc.
The securities will be automatically called at par plus an early redemption premium of 6.5% per year if each index closes at or above its initial level on any annual valuation date.
If the securities have not been called and each index finishes at or above its initial level, the payout at maturity will be par plus 32.5%.
If the laggard index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable market-linked securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
|
| Amount: | $1,194,000
|
| Maturity: | July 5, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 32.5%; otherwise, par
|
| Call: | Par plus 6.5% annualized premium if the index closes at or above initial level on any annual valuation date
|
| Initial level: | 14,939.95 for Nasdaq, 1,881.591 for Russell
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Cusip: | 17291RCN0
|
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