By Wendy Van Sickle
Columbus, Ohio, July 6 – Citigroup Global Markets Holdings Inc. priced $700,000 of 0% buffer autocallable securities due July 1, 2025 linked to the Euro Stoxx 50 index, 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 7.4% annaualized premium if the index closes at or above its initial level on any annual valuation date.
If the notes are not called prior to maturity and the index has not declined, the payout at maturity will be par plus the greater of the 30% premium applicable to the final valuation date and the index return. If the index falls by up to 15% of its initial level, the payout will be par. Otherwise, investors will be exposed to any losses of the index beyond 15%.
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: | Buffer autocallable securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $700,000
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| Maturity: | July 1, 2025
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 7.4% annualized premium if index closes at or above initial level on any annual call valuation date
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| Payout at maturity: | If index has not declined from initial level, par plus greater of index return and 30%; par if index declines by up to 15%; 1% loss for every 1% decline beyond 15%
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| Initial level: | 3,204.17
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| Buffer level: | 2,723.545, 85% of initial level
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| Pricing date: | June 26
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| Settlement date: | June 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.35%
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| Cusip: | 17328VYL8
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