By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – Citigroup Global Markets Holdings Inc. priced $3.08 million of 0% autocallable securities due Jan. 12, 2023 linked to the Stoxx Europe 600 Banks index, the SPDR S&P Oil & Gas Exploration & Production ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Citigroup will call the notes at par of $1,000 plus a call premium of 18.6% per year if the closing level of each asset is greater than or equal to its initial level on any annual call date.
If each asset finishes at or above its trigger level, 60% of its initial level, the payout at maturity will be $1,744 per $1,000 of notes.
Otherwise, investors will lose 1% for each 1% decline of the worst performing asset from its initial level.
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 assets: | Stoxx Europe 600 Banks index, iShares MSCI Emerging Markets ETF, SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $3,076,000
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| Maturity: | Jan. 12, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 74.4% if each asset finishes above trigger level; otherwise, investors will be fully exposed to any decline of the least performing asset
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| Call: | Automatically at par plus annualized premium of 18.6% if each asset closes at or above initial level on any annual call date
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| Initial levels: | 136.38 for Stoxx, $39.78 for EM ETF, $29.61 for oil & gas ETF
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| Triggers: | 81.828 for Stoxx, $23.868 for EM ETF, $17.766 for oil & gas ETF; 60% of initial levels
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| Pricing date: | Jan. 7
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| Settlement date: | Jan. 14
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17326Y6B7
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