By Sarah Lizee
Olympia, Wash., Jan. 10 – Citigroup Global Markets Holdings Inc. priced $800,000 of autocallable securities due Jan. 17, 2029 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will pay a fixed quarterly coupon at an annualized rate of 9.2% for the first two years.
The notes will be called at par plus a premium of 9.2% per year, which will begin accumulating after two years, if each index closes at or above its initial level on any quarterly observation date after two years.
If each index finishes at or above its initial level, the payout at maturity will be par plus 73.6%.
If the worse performing index falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying indexes: | Russell 2000, Euro Stoxx 50
|
| Amount: | $800,000
|
| Maturity: | Jan. 17, 2029
|
| Coupon: | 9.2%, payable quarterly for first two years
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 73.6%; if worst performing index falls but finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of the worst performing index from its initial level
|
| Call: | Automatically at par plus a premium of 9.2% per year, accumulating after two years, if each index closes at or above its initial level on any quarterly observation date after two years
|
| Initial levels: | 1,438.807 for Russell, 3,070.24 for Stoxx
|
| Trigger levels: | 719.404 for Russell, 1,535.120 for Stoxx; 50% of initial levels
|
| Pricing date: | Jan. 9
|
| Settlement date: | Jan. 11
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.35%
|
| Cusip: | 17326YLU8
|
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