By Wendy Van Sickle
Columbus, Ohio, April 12 – Citigroup Global Markets Holdings Inc. priced $3.77 million of 9.3% autocallable equity-linked securities due June 30, 2022 tied to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable quarterly.
The notes will be called quarterly at par after six months.
If both indexes finish at or above their initial levels or neither index ever closes below 75% of its initial level any day during the life of the notes, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autorcallable equity-linked securities
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $3,765,000
|
| Maturity: | June 30, 2022
|
| Coupon: | 9.3%, payable quarterly
|
| Price: | Par
|
| Call: | Callable quarterly at par after six months
|
| Payout at maturity: | If both indexes finish at or above initial levels or never close below 75% of their initial levels, par; otherwise, investors will lose 1% for every 1% decline of the lesser-performing index
|
| Initial index levels: | 3,974.54 for S&P and 2,221.482 for Russell
|
| Buffer levels: | 2,980.905 for S&P and 1,666.112 for Russell; 75% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17329FAC8
|
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