By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $3.7 million of 0% autocallable securities due Nov. 1, 2024 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus an annualized redemption premium of 10% if each underlying index closes at or above its call level on any quarterly review date. The call level will be equal to the initial level for the first year and 95% of the initial level thereafter.
If the notes are not called and each index closes at or above its initial levels, the payout at maturity will be par plus the contingent return of 50%.
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.
Citigroup Global Markets Holdings 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, Euro Stoxx 50
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| Amount: | $3.7 million
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| Maturity: | Nov. 1, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 50% if each index finishes at or above its initial level; if either index falls by up to 30%, par; otherwise, investors will lose 1% for each 1% decline of least-performing index from initial level
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| Call: | Automatically at par plus annualized redemption premium of 10% if each underlying closes at or above call level on any quarterly review date; call level is 100% of initial level for first year and 95% of initial level thereafter
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| Initial levels: | 1,577.073 for Russell, 3,622.09 for Stoxx
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| Threshold levels: | 1,103.951 for Russell, 2,535.463 for Stoxx; 70% of initial levels
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| Pricing date: | Oct. 29
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| Settlement date: | Oct. 31
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| Agent: | Citigroup Global Markets Holdings Inc.
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| Fees: | 2.85%
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| Cusip: | 17327TPS9
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