By William Gullotti
Buffalo, N.Y., June 3 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% autocallable securities due May 28, 2027 tied to 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 index closes at or above its initial level on any annual observation date, the notes will be called at par plus a premium of 14% premium year.
If index finishes at or above its initial level, the payout at maturity will be the greater of par plus the index return and par plus 30%.
If the index declines but finishes at or above the 75% barrier level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the 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 index: | Euro Stoxx 50 index
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| Amount: | $1 million
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| Maturity: | May 28, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, the greater of par plus 30% and par plus the index return; if the index declines up to 25%, par; otherwise, investors will lose 1% for each 1% decline from initial level
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| Call: | If index closes at or above its initial level on any annual observation date, at par plus a premium of 14% per year
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| Initial level: | 3,677.1
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| Barrier level: | 2,757.825; 75% of initial level
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.35%
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| Cusip: | 17330FRU7
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