By Kiku Steinfeld
Chicago, June 29 – Citigroup Global Markets Holdings Inc. priced $1.16 million of 0% autocallable securities due June 21, 2024 linked to the Energy Select Sector SPDR fund, the VanEck Vectors Gold Miners ETF and the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each fund closes at or above its initial level on any semiannual valuation date, the notes will be called at par plus an annualized 21.5% premium.
If each fund finishes at or above its initial level, the payout at maturity will be par plus the 64.5% premium for the final valuation date.
If the least-performing fund falls but not below its barrier level, 60% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing fund.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying funds: | Energy Select Sector SPDR fund, VanEck Vectors Gold Miners ETF and iShares Global Clean Energy ETF
|
| Amount: | $1,156,000
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| Maturity: | June 21, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each fund finishes above initial level, par plus 64.5%; if least-performing fund declines but finishes at or above final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing fund
|
| Call: | Automatically at par plus an annualized premium of 21.5% if each fund closes at or above its initial level on any semiannual valuation date
|
| Initial levels: | $52.39 for Energy, $22.41 for Clean Energy, $34.13 for Gold
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| Barrier levels: | $31.434 for Energy, $13.446 for Clean Energy, $20.478 for Gold, 60% of initial levels
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| Pricing date: | June 18
|
| Settlement date: | June 23
|
| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
|
| Cusip: | 17329FT46
|
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