By Kiku Steinfeld
Chicago, Sept. 30 – Citigroup Global Markets Holdings Inc. priced $850,000of 0% autocallable securities due Sept. 26, 2025 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 call premium of 8.5% per year if the index closes at or above its initial level on any annual call date.
If the notes are not called and the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 30%. If the final index level is less than the initial index level but greater than or equal to the trigger value, 75% of initial level, the payout will be par. If the final index level is less than the trigger value, investors will lose 1% for every 1% that the index declines 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: | Euro Stoxx 50
|
| Amount: | $850,000
|
| Maturity: | Sept. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus 8.5% per year if index closes at or above initial level on any annual call date
|
| Payout at maturity: | If notes are not called and final index level is greater than or equal to initial index level, par plus greater of index return and 30%; if final index level is less than initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 3,180.11
|
| Trigger level: | 2,385.083 or 75% of initial level
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.35%
|
| Cusip: | 17328WPZ5
|
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