By Wendy Van Sickle
Columbus, Ohio, Aug. 1 – Citigroup Global Markets Holdings Inc. priced $1.98 million of 0% autocallable securities due July 31, 2024 linked to the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized redemption premium of 8% if each underlying index closes at or above its call level on any semiannual review date after one year. The call level will be equal to the initial level.
If the notes are not called, the payout at maturity will be par plus the contingent return of 40% if each index finishes above its initial level.
If either index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying indexes: | Russell 2000, Dow Jones industrial average
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| Amount: | $1,984,000
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| Maturity: | July 31, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 40% if each index finishes above its initial level; if either index falls by up to 30%, par; otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level
|
| Call: | Automatically at par plus annualized redemption premium of 8% if each underlying closes at or above call level on any semiannual review date after one year; call level is 100% of initial level
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| Initial levels: | 1,578.967 for Russell, 27,192.45 for Dow
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| Threshold levels: | 1,105.277 for Russell, 19,034.715 for Dow; 70% of initial levels
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
|
| Cusip: | 17327TTL0
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