By Wendy Van Sickle
Columbus, Ohio, Oct. 14 – Citigroup Global Markets Holdings Inc. priced $1.5 million of 0% autocallable securities due Oct. 13, 2027 tied to the S&P 500 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 quarterly valuation date after one year, the notes will be called at par plus a premium of 9.3% premium year.
If index finishes at or above its initial level, the payout at maturity will be par plus 46.5%.
If the index declines but finishes at or above the 70% 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: | S&P 500 index
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| Amount: | $1.5 million
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| Maturity: | Oct. 13, 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, par plus 46.5%; if the index declines up to 30%, 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 quarterly valuation date after one year, at par plus a premium of 9.3% per year
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| Initial level: | 11,039.47
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| Barrier level: | 7,727.629; 70% of initial level
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 13
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.25%
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| Cusip: | 17330RZ73
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