By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – Citigroup Global Markets Holdings Inc. priced $14.94 million of 0% autocallable buffered notes due Aug. 18, 2026 linked 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 automatically called at par plus a 10.1% annualized call premium if the index closes at or above the initial index level on either of three annual call dates.
If the notes are not called and the index finishes at or above the 85% buffer level, the payout at maturity will be par.
Otherwise, investors will lose 1.1765% for every 1% decline of the index beyond 15%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable buffered notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $14,935,000
|
| Maturity: | Aug. 18, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and index finishes at or above buffer level, par; otherwise, 1.1765% loss for every 1% drop beyond 15%
|
| Call: | Automatically at par plus a 10.1% annualized call premium if index closes at or above initial index level on either of three annual call dates
|
| Initial level: | 4,330.23
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Aug. 14
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| Settlement date: | Aug. 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17291Q2T0
|
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