By Angela McDaniels
Tacoma, Wash., Nov. 8 – Citigroup Global Markets Holdings Inc. priced $2.35 million of 0% autocallable securities due Nov. 5, 2024 linked to the lesser 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 will be automatically called at par plus a call premium of 9.5% per year if each index closes at or above its initial level on any annual valuation date.
If the notes are not called and the final level of the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 47.5%.
If the final level of the lesser-performing index is less than its initial level but greater than or equal to its trigger value, 85% of its initial level, the payout will be par.
If the final level of the lesser-performing index is less than its trigger value, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $2,353,000
|
| Maturity: | Nov. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final level of lesser-performing index is greater than or equal to initial level, par plus 47.5%; if final level of lesser-performing index is less than initial level but greater than or equal to trigger value, par; if final level of lesser-performing index is less than trigger value, 1% loss for every 1% that lesser-performing index declines from initial level
|
| Call: | Automatically at par plus 9.5% per year if each index closes at or above initial level on any annual valuation date
|
| Initial levels: | 3,037.56 for S&P 500 and 1,562.452 for Russell 2000
|
| Trigger values: | 1,822.536 for S&P 500 and 937.471 for Russell 2000, or 85% of initial levels
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17327TEK8
|
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