By Marisa Wong
Morgantown, W.Va., May 8 – Citigroup Global Markets Holdings Inc. priced $645,000 of 0% buffered autocallable securities due April 26, 2024 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus an annualized premium of 5.75% if the index closes at or above its initial level on any annual call valuation date prior to the final valuation date.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and 28.75%. If the index falls by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffered autocallable securities
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| Underlying index: | Russell 2000
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| Amount: | $645,000
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| Maturity: | April 26, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Call: | At par plus 5.75% per year if index closes at or above initial level on any annual call valuation date other than final date
|
| Payout at maturity: | If index finishes flat or gains, par plus greater of index return and 28.75%; if index falls by up to 15%, par; otherwise, 1% loss per 1% decline beyond 15%
|
| Initial level: | 1,560.045
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| Strike date: | April 22
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| Pricing date: | April 23
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| Settlement date: | April 26
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.75%
|
| Cusip: | 17326YKB1
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