By Wendy Van Sickle
Columbus, Ohio, June 12 – Citigroup Global Markets Holdings Inc. priced $4.21 million of 0% autocallable securities due Dec. 3, 2020 linked to the worst 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 are guaranteed by Citigroup Global Markets Inc.
The notes are called at par plus a premium of 10.7% per year if each asset closes at or above its initial level on any quarterly call valuation date after six months.
The payout at maturity will be the 16.05% premium applicable to that valuation date if the worst performing index closes above its initial value.
The payout at maturity will be par if the worst performing index finishes above its 80% trigger level and below its initial value, otherwise investors will be exposed to losses of the worst performing index beyond 20%.
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 securities
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| Underlying assets: | S&P 500 index, Russell 2000 index
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| Amount: | $4,213,000
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| Maturity: | Dec. 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 16.05% call premium if worst performing asset finishes above initial level; par if worst performing asset finishes below initial value but above 80% trigger level; otherwise exposure to losses of worst performing index beyond 20%
|
| Call: | At par plus a premium of 10.7% per year if each asset closes at or above its initial value on any quarterly call valuation date after six months
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| Initial values: | 2,783.02 for S&P, 1,489.952 for Russell
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| Trigger values: | 2,226.416 for S&P, 1,191.962 for Russell; 80% of initial values
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| Pricing date: | May 30
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| Settlement date: | June 4
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17326YEV4
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