By Kiku Steinfeld
Chicago, Oct. 12 – Citigroup Global Markets Holdings Inc. priced $850,000 of 0% autocallable securities due July 26, 2024 linked to the SPDR S&P Metals & Mining ETF, the ARK Innovation ETF and the U.S. Global Jets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
After one year, if each ETF closes at or above its initial level on any monthly valuation date, the notes will be called at par plus a premium of 14.5% annual rate.
If the notes are not called and each ETF finishes at or above its initial level, the payout will be par plus the final premium value of 43.5%.
Investors will receive par if any ETF falls but none falls below its threshold level, 60% of its initial level. Otherwise, investors will lose 1% for each 1% decline of the worst performing ETF.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying ETFs: | SPDR S&P Metals & Mining ETF, ARK Innovation ETF and U.S. Global Jets ETF
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| Amount: | $850,000
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| Maturity: | July 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each ETF finishes at or above its initial level, par plus 43.5%; if any ETF falls but none below its threshold, par; otherwise, 1% loss for each 1% decline of the worst performing ETF
|
| Call: | Automatically at par plus an annualized premium of 14.5% if each ETF closes at or above its initial level on any monthly valuation date after one year
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| Initial levels: | $122.43 for ARK, $42.03 for S&P, $23.01 for Jets
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| Threshold values: | $73.458 for ARK, $25.218 for S&P, $13.806 for Jets, or 60% of initial share prices
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| Pricing date: | July 23
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| Settlement date: | July 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17329QG53
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