By Sarah Lizee
Olympia, Wash., June 10 – Citigroup Global Markets Holdings Inc. priced $400,000 of 0% buffer autocallable securities due June 8, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a 6% annual premium if the index closes at or above its initial level on any annual call observation date.
If the notes are not called and the index has not declined, the payout at maturity will be par plus the greater of the index return and 36%. If the index falls by up to 10%, the payout will be par. Otherwise, investors will be exposed to any losses of the index beyond 10%.
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: | Buffered autocallable securities
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| Underlying index: | S&P 500
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| Amount: | $400,000
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| Maturity: | June 8, 2026
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| Coupon: | 0%
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| Price: | Par
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| Call: | Par plus 6% per year if index closes at or above initial level on any annual call observation date
|
| Payout at maturity: | If index has not declined from initial level, par plus greater of index return and 36%; par if index declines by up to 10%; exposure to any losses beyond 10%
|
| Initial level: | 3,080.82
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| Buffer level: | 2,772.738, 90% of initial level
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| Pricing date: | June 3
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| Settlement date: | June 8
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.6%
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| Cusip: | 17328VXM7
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