By Marisa Wong
Morgantown, W.Va., Sept. 19 – Citigroup Global Markets Holdings Inc. priced $17.83 million of 0% autocallable buffered notes due Sept. 17, 2020 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 call premium if the index closes at or above the initial index level on either of two call observation dates. The call premium will be 11% for the first call observation date on Oct. 12, 2018 and 20.3% for the second call observation date on Sept. 12, 2019.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus a fixed return of 30.45%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $17,825,000
|
| Maturity: | Sept. 17, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index return is zero or positive, par plus 30.45%; par if index declines by 10% or less; 1.1111% loss for every 1% drop beyond 10%
|
| Call: | Automatically at par plus premium if index closes at or above initial index level on either of two call observation dates; premium is 11% if called on Oct. 12, 2018 and 20.3% if called on Sept. 12, 2019
|
| Initial level: | 3,512.56
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 19
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324CME3
|
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