By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – Citigroup Global Markets Holdings Inc. priced $940,000 of 0% autocallable securities due Jan. 31, 2024 linked to the Euro Stoxx Banks 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 13.25% a year if the index closes at or above its initial level on any annual call observation date.
If the notes are not called, investors receive par plus 10% if the index falls by up to 40% and will lose 1% for each 1% decline of the index if it falls by more than 40%.
Citigroup Global Markets Inc. is the agent.
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 Banks
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Amount: | $940,000
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Maturity: | Jan. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If notes are not called, par plus 10% if index falls by up to 40%; full exposure to any decline of index if it falls by more than 40%
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Call: | Automatically at par plus 13.25% a year if index closes at or above its initial level on any annual call date
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Initial level: | 93.15
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Trigger level: | 55.89, 60% of initial level
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Pricing date: | Jan. 24
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Settlement date: | Jan. 31
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17327T4X1
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