Chicago, May 21 – Citigroup Global Markets Holdings Inc. priced $2.08 million of 0% autocallable securities due May 3, 2024 linked 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 Global Markets Inc.
The notes are called at par plus a premium of 9.5% per year if each asset closes at or above its initial level on any annual call valuation date.
The payout at maturity will be the 47.5% premium applicable to that valuation date if the worst performing index closes above its initial value.
The payout at maturity will be par if the worst performing index finishes above its 60% trigger level and below its initial value, otherwise investors will be fully exposed to any losses of the worst performing asset.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Global Markets Inc.
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Issue: | Autocallable securities
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Underlying assets: | S&P 500 index, Russell 2000 index
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Amount: | $2,083,000
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Maturity: | May 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | 47.5% call premium is worst performing asset finishes above initial level; par if worst performing asset finishes below initial value but above 60% trigger level; otherwise full exposure to losses of worst performing index
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Call: | At par plus a premium of 9.5% per year if each asset closes at or above its initial value on any annual call valuation date
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Initial values: | 2,945.83 for S&P, 1,591.211 for Russell
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Trigger values: | 1,767.498 for S&P, 954.727 for Russell; 60% of initial values
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Pricing date: | April 30
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Settlement date: | May 3
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.125%
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Cusip: | 17326YVT0
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