By Wendy Van Sickle
Columbus, Ohio, April 29 – Citigroup Global Markets Holdings Inc. priced $166,000 of 0% autocallable securities due April 27, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus 14.1% a year if the index closes at or above its initial level on any annual call observation date.
If the notes are not called, investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline of the index if it falls by more than 10%.
Citigroup Global Markets Inc. is the agent.
| 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 index: | S&P 500
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| Amount: | $166,000
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| Maturity: | April 27, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If notes are not called, par if index falls by up to 10%; full exposure to any decline of index if it falls by more than 10%
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| Call: | Automatically at par plus 14.1% a year if index closes at or above its initial level on any annual call date
|
| Initial level: | 2,836.74
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| Trigger level: | 2,553.066, 90% of initial level
|
| Pricing date: | April 24
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| Settlement date: | April 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
|
| Cusip: | 17328VNX4
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