By Wendy Van Sickle
Columbus, Ohio, March 11 – Citigroup Global Markets Holdings Inc. priced $12.78 million of 0% autocallable securities due March 11, 2027 tied to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index closes at or above its initial level on any quarterly valuation date, the notes will be called at par plus an annual premium of 14%.
If each index finishes at or above its initial level, the payout at maturity will be par plus 70%.
If the least performing index finishes below its initial level but not below the barrier level, 70% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable securities
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Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index
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Amount: | $12.78 million
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Maturity: | March 11, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 70%; if the least performing index finishes below its initial level but not below the barrier level, par; otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level
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Call: | If each index closes at or above its initial level on any quarterly valuation date, the notes will be called at par plus an annual premium of 14%
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Initial levels: | 3,505.29 for Euro Stoxx, 1,963.011 for Russell
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Barrier levels: | 2,453.703 for Euro Stoxx, 1,374.108 for Russell; 70% of initial levels
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Pricing date: | March 8
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Settlement date: | March 11
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.85%
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Cusip: | 17330AWA6
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