By Susanna Moon
Chicago, Jan. 9 – Citigroup Global Markets Holdings Inc. priced $60,000 of autocallable securities due Dec. 27, 2023 linked to the worse 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 will be called at par plus an annual call premium of 9.1% if each index closes at or above its call level on any valuation date other than the final valuation date.
The redemption threshold will be 104% of the initial level on the first annual valuation date, stepping up by 400 basis points on each subsequent annual call date.
If each index finishes at or above its initial level, the payout at maturity will be the gain of the worse performing index.
If either index falls by up to its 50% trigger level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $60,000
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| Maturity: | Dec. 27, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus return of worse performing index; if either index falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
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| Call: | At par plus 9.1% per year if each index closes at or above its initial level on any valuation date other than the final valuation date; call level will be 104% of initial level on Dec. 23, 2019, stepping up by 400 bps on each subsequent annual call date
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| Initial levels: | 1,292.086 for Russell and 2,416.62 for S&P
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| Trigger levels: | 646.043 for Russell, 1,208.310 for S&P, 50% of initial levels
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
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| Cusip: | 17326YV94
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