By Wendy Van Sickle
Columbus, Ohio, April 30 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% autocallable securities due April 25, 2031 tied to the Dow Jones industrial average, 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 of its 100% of its initial level on any annual valuation date, the notes will be called at par plus a premium of 7.35% a year.
If index finishes at or above its initial level, the payout at maturity will be par plus 73.5%.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $10 million
|
| Maturity: | April 25, 2031
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 73.5%; investors will lose 1% for each 1% decline from initial level
|
| Call: | If index closes at or above 100% of its initial level on any annual valuation date, at par plus a premium of 7.35% a year
|
| Initial level: | 34,137.31
|
| Pricing date: | April 22
|
| Settlement date: | April 27
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17329FL51
|
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