By Taylor Fox
Chicago, July 24 – Citigroup Global Markets Holdings Inc. priced $5.28 million of buffered autocallable securities due July 22, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the 94.5% of its initial level on a quarterly valuation date starting after one year, the notes will be redeemed at par plus a premium at an annualized rate of 8%.
If the index finishes at or above the 94.5% premium threshold, the payout at maturity will be par plus 40%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered autocallable securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,275,000
|
| Maturity: | July 22, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index closes at or above the premium threshold level, the notes will be redeemed at par plus a 40% premium; investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond the buffer
|
| Call: | If the index closes at or above the 94.5% of its initial level on a quarterly valuation date starting after one year, the notes will be redeemed at par plus a premium at an annualized rate of 8%
|
| Initial level: | 3,365.60
|
| Buffer level: | 2,692.480, 80% of initial level
|
| Premium threshold value: | 3,180.492, 94.5% of initial level
|
| Pricing date: | July 17
|
| Settlement date: | July 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328W6P8
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