By Kiku Steinfeld
Chicago, Oct. 10 – Citigroup Global Markets Holdings Inc. priced $5.16 million of 0% buffered autocallable securities due Sept. 26, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
After one year, the notes will be called at par plus an 8.5% annual premium if the index closes at or above its initial level on any quarterly call observation date.
If the notes are not called and the index has not declined, the payout at maturity will be par plus 42.5%. If the index falls by up to 25% of its initial level, the payout will be par. Otherwise, investors will be exposed to any losses of the index beyond 25%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered autocallable securities
|
| Underlying index: | Russell 2000
|
| Amount: | $5,160,000
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| Maturity: | Sept. 26, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | After one year, par plus 8.5% per year if index closes at or above initial level on any quarterly call observation date
|
| Payout at maturity: | If index has not declined from initial level, par plus 42.5%; par if index declines by up to 25%; exposure to any losses beyond 25%
|
| Initial level: | 1,561.474
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| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 24
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17327TKK1
|
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