By Sarah Lizee
Olympia, Wash., July 8 – Citigroup Global Markets Holdings Inc. priced $2.03 million of 0% autocallable securities due Jan. 7, 2021 linked to the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Citigroup will call the notes at par of $1,000 plus a call premium of 4.8% per year if the closing level of each asset is greater than or equal to its initial level on any semiannual call date.
If each asset finishes at or above its initial index level, the payout at maturity will be par plus 14.4%.
Investors will receive par if the final level of any asset is less than its initial level but each asset finishes at or above the trigger level, 80% of its initial level.
Otherwise, investors will lose 1.25% for each 1% decline of the worst performing asset beyond the buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Russell 2000 index, iShares MSCI EAFE ETF
|
| Amount: | $2,026,000
|
| Maturity: | Jan. 7, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 14.4% if each asset finishes above initial level; par if either asset finishes below initial level, but each asset finishes at or above buffer level; otherwise, 1.25% loss for each 1% decline of the lesser performing asset beyond the buffer
|
| Call: | Automatically at par plus annualized premium of 4.8% if each asset closes at or above initial level on any semiannual call date
|
| Initial levels: | $66.04 for ETF, 1,569.663 for index
|
| Buffer levels: | $52.832 for ETF, 1,255.730 for index; 80% of initial levels
|
| Pricing date: | July 2
|
| Settlement date: | July 8
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.05%
|
| Cusip: | 17327TSG2
|
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