By Kiku Steinfeld
Chicago, Oct. 14 – Citigroup Global Markets Holdings Inc. priced $970,000 of 0% autocallable securities due Feb. 24, 2028 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If index closes at or above its initial level on any annual call date, the notes will be called at par plus a premium of 7.45% premium year.
If index finishes at or above its initial level, the payout at maturity will be par plus 44.7%.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| 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 index: | S&P 500 index
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| Amount: | $970,000
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| Maturity: | Feb. 24, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, par plus 44.7%; otherwise, investors will lose 1% for each 1% decline from initial level
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| Call: | If index closes at or above its initial level on any annual call date, at par plus a premium of 7.45% per year
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| Initial level: | 4,348.87
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| Pricing date: | Feb. 18
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| Settlement date: | Feb. 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17330AX80
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