By Emma Trincal
New York, June 18 – Citigroup Global Markets Holdings Inc. priced $1.3 million of 0% autocallable barrier securities due June 15, 2023, linked to the VanEck Vectors Semiconductor exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a premium of 15.7% if the ETF closes at or above its initial price on June 17, 2022.
If the ETF return is positive or flat, the payout at maturity will be par plus 1.25 times the ETF return. The payout will be par if the ETF finishes below the initial price but at or above the barrier level, 90% of the initial price. If the ETF finishes below the barrier level, investors will be fully exposed to the decline of the ETF.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable barrier securities
|
| Underlying ETF: | VanEck Vectors Semiconductor ETF
|
| Amount: | $1.3 million
|
| Maturity: | June 15, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF return is positive, par plus 1.25 times the ETF return; par if final price of ETF is less than initial price but greater than or equal to barrier price; full exposure to decline if the ETF finishes below barrier price
|
| Call: | At par plus 15.7% if ETF closes at or above initial price on June 17, 2022
|
| Initial ETF price: | $250.60
|
| Barrier price: | $225.54, 90% of initial price
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.9%
|
| Cusip: | 17329FYY4
|
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