By William Gullotti
Buffalo, N.Y., Nov. 17 – Citigroup Global Markets Holdings Inc. priced $1.11 million of 0% autocallable barrier securities due Nov. 10, 2026 linked to the lesser performing of the iShares MSCI EAFE ETF and 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 an annualized call premium of 6% if each underlier closes at or above its initial level on any annual call date.
If the final level of each underlier is greater than or equal to its initial level, the payout at maturity will be par plus the gain of the least performing underlier.
If the worst performer declines but finishes at or above its final barrier level, 70% of initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable barrier securities
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| Underlying assets: | iShares MSCI EAFE ETF, Euro Stoxx 50 index
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| Amount: | $1,105,000
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| Maturity: | Nov. 10, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each underlier finishes at or above its initial level, par plus the gain of the least performing underlier; if the worst performer declines but finishes at or above final barrier, par; otherwise, full exposure to decline of worst performer from its initial level
|
| Call: | At par plus 6% annualized call premium of if each underlier closes at or above initial level on any annual call date
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| Initial levels: | $81.83 for ETF, 4,363.04 for Stoxx
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| Final barrier levels: | $57.281 for ETF, 3,054.128 for Stoxx; 70% of initial levels
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| Pricing date: | Nov. 5
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| Settlement date: | Nov. 10
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.125%
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| Cusip: | 17329UJA0
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