New York, March 11 – Citigroup Global Markets Holdings Inc. priced $19.31 million of 0% autocallable securities due March 4, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically with a premium of a 9.65% annual rate if the index closes at or above its initial value on any annual review date.
If the index finishes flat or gains, the payout at maturity will be par plus the premium for the final valuation date.
Otherwise, investors lose 1% for every 1% that the index declines.
The notes are guaranteed by Citigroup Inc.
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: | Autocallable securities
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Underlying index: | S&P 500 index
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Amount: | $19,305,000
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Maturity: | March 4, 2027
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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 value, par plus premium for final valuation date; otherwise, 1% loss for every 1% that index declines
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Call: | Automatically with a premium of a 9.65% annual rate if the index closes at or above its initial value on any annual review date
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Initial level: | 5,096.27
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Pricing date: | Feb. 29
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Settlement date: | March 5
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17291LVK8
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