By Wendy Van Sickle
Columbus, Ohio, June 11 – Citigroup Global Markets Holdings Inc. priced $3.74 million of 0% autocallable securities due June 5, 2024 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
The notes are called at par plus a premium of 10.22% per year if each asset closes at or above its initial level on any annual call valuation date.
The payout at maturity will be the 51.1% premium applicable to that valuation date if the worst performing index closes above its initial value.
The payout at maturity will be par if the worst performing index finishes above its 60% trigger level and below its initial value, otherwise investors will be fully exposed to any losses of the worst performing index.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable securities
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| Underlying assets: | S&P 500 index, Russell 2000 index
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| Amount: | $3,736,000
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| Maturity: | June 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 51.1% call premium if worst performing asset finishes above initial level; par if worst performing asset finishes below initial value but above 60% trigger level; otherwise full exposure to losses of worst performing index
|
| Call: | At par plus a premium of 10.22% per year if each asset closes at or above its initial value on any annual call valuation date
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| Initial values: | 2,752.06 for S&P, 1,465.487 for Russell
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| Trigger values: | 1,651.236 for S&P, 879.292 for Russell; 60% of initial values
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| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17326YLC8
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