By Wendy Van Sickle
Columbus, Ohio, July 30 – Citigroup Global Markets Holdings Inc. priced $850,000 of 0% autocallable securities due July 25, 2022 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE 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 11.65% 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 be $1,466 per $1,000 of notes.
Investors will receive par plus 10% if the final level of any asset is less than its initial level but each asset finishes at or above the trigger level, 70% 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 EAFE ETF
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Amount: | $850,000
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Maturity: | July 25, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 46.6% if each asset finishes above initial level; par plus 10% 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 11.65% if each asset closes at or above initial level on any annual call date
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Initial levels: | 3,460.03 for Stoxx and $68.07 for ETF
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Triggers: | 2,422.72 for Stoxx and $47.649 for ETF; 70% of initial levels
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Pricing date: | July 20
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Settlement date: | July 25
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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Cusip: | 17324CXY7
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