By William Gullotti
Buffalo, N.Y., March 31 – Citigroup Global Markets Holdings Inc. priced $2.32 million of 0% autocallable securities due March 30, 2028 tied 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.
If index closes at or above its initial level on any annual valuation date, the notes will be called at par plus a premium of 7.45% per year.
If index finishes at or above its initial level, the payout at maturity will be par plus 44.7%.
If the index declines up to 5%, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the index beyond 5%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,315,000
|
| Maturity: | March 30, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 44.7%; if the index declines up to 5%, par; otherwise, investors will lose 1% for each 1% decline beyond 5%
|
| Call: | If index closes at or above its initial level on any annual valuation date, at par plus a premium of 7.45% per year
|
| Initial level: | 4,543.06
|
| Buffer level: | 4,315.907; 95% of initial level
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17330AYB2
|
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