New York, March 19 – Citigroup Global Markets Holdings Inc. priced $1.30 million of 0% autocallable securities due March 17, 2022 linked to the Euro Stoxx 50 index 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 11.35% 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 initial index level, the payout at maturity will par plus 45.4%.
Investors will receive par if the final level of either asset is less than its initial level but each asset finishes at or above the trigger level, 60% of its initial level.
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: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
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| Amount: | $1,296,000
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| Maturity: | March 17, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 45.4% if each asset finishes above initial level; par if either asset finishes below initial level, but each asset finishes at or 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 11.35% if each asset closes at or above initial level on any annual call date
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| Initial levels: | 3,420.54 for Stoxx and $49.75 for ETF
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| Triggers: | 2,052.324 for Stoxx and $29.85 for ETF; 60% of initial levels
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| Pricing date: | March 9
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| Settlement date: | March 14
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
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| Cusip: | 17324CT48
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