By Wendy Van Sickle
Columbus, Ohio, March 8 – Citigroup Global Markets Holdings Inc. priced $916,000 of 0% autocallable securities due Feb. 24, 2025 linked to the Russell 2000 index and the Consumer Discretionary Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each asset closes at or above its initial level on any annual valuation date, the notes will be called at par plus an annualized 13% premium.
If each asset finishes at or above its initial level, the payout at maturity will be par plus the 52% premium for the final valuation date.
If the least-performing asset falls but not below its barrier level, 70% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing asset.
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 assets: | Russell 2000 index, Consumer Discretionary Select Sector SPDR fund
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| Amount: | $916,000
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| Maturity: | Feb. 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset finishes above initial level, par plus 52%; if least-performing asset declines but finishes at or above final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing asset
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| Call: | Automatically at par plus an annualized premium of 13% if each asset closes at or above its initial level on any annual valuation date
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| Initial levels: | $169.62 for ETF, 2,266.689 for Russell
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| Barrier levels: | $118.734 for ETF, 1,586.682 for Russell, 70% of initial levels
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| Pricing date: | Feb. 19
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| Settlement date: | Feb. 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17328YJ88
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