By Kiku Steinfeld
Chicago, June 29 - Citigroup Global Markets Holdings Inc. priced $520,000 of 0% autocallable barrier securities due June 23, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be called at par plus a call premium of 5% per year if the index closes at or above its initial level on any annual valuation date.
If the index return is positive, the payout at maturity will be par plus the index return. The payout will be par if the final index level is less than the initial index level but greater than or equal to the barrier level, 90% of the initial level. If the index finishes below the barrier level, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable barrier securities
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| Underlying index: | S&P 500
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| Amount: | $520,000
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| Maturity: | June 23, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus index return; par if final index level is less than initial index level but greater than or equal to barrier level; full exposure to decline if index finishes below barrier level
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| Call: | At par plus call premium of 5% per year if index closes at or above initial level on any annual valuation date
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| Initial index level: | 4,166.45
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| Barrier level: | 3,749.805; 90% of initial level
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| Pricing date: | June 18
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| Settlement date: | June 23
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17329FWT7
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