By Wendy Van Sickle
Columbus, Ohio, June 25 – Citigroup Global Markets Holdings Inc. priced $538,000 of 0% autocallable market-linked notes due June 27, 2029 linked to the Citi Dynamic Asset Selector 3.5 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a premium of 5.65% a year if the index closes above its threshold level on any annual observation date. The threshold level will be 102.5% of the initial level on the first observation date and will step up by 2.5% a year.
The payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable market-linked notes
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Underlying index: | Citi Dynamic Asset Selector 3.5 Excess Return index
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Amount: | $538,000
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Maturity: | June 27, 2029
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 5.65% annualized premium if index closes above threshold level on any annual observation date
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Threshold level: | 102.5% of initial level on first observation date, steps up by 2.5% a year
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Payout at maturity: | Par plus any index gain; if index finishes flat or falls, par
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Initial level: | 188.62
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Pricing date: | June 22
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Settlement date: | June 25
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3.4%
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Cusip: | 17329FZ72
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