By Kiku Steinfeld
Chicago, May 12 – Citigroup Global Markets Holdings Inc. priced $820,000 of 0% autocallable securities due April 28, 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 8% premium.
If each asset finishes at or above its initial level, the payout at maturity will be par plus the 32% 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Russell 2000 index, Consumer Discretionary Select Sector SPDR fund
|
| Amount: | $820,000
|
| Maturity: | April 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes above initial level, par plus 32%; 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
|
| Call: | Automatically at par plus an annualized premium of 8% if each asset closes at or above its initial level on any annual valuation date
|
| Initial levels: | $177.82 for ETF, 2,271.856 for Russell
|
| Barrier levels: | $124.474 for ETF, 1,590.299 for Russell, 70% of initial levels
|
| Pricing date: | April 23
|
| Settlement date: | April 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17329FCH5
|
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