By Wendy Van Sickle
Columbus, Ohio, July 7 – Citigroup Global Markets Holdings Inc. priced $1.15 million of 0% autocallable securities due June 29, 2023 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 Inc.
The notes will be called at par plus a premium of 9% annualized if each asset closes at or above its initial level on any annual call valuation date.
If each index finishes above its initial level, the payout at maturity will be par plus 250% of the return of the lesser-performing index.
Otherwise, the payout at maturity will be par unless either underlying asset finishes below its 85% buffer level, in which case investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup 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: | $1.15 million
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Maturity: | June 29, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 250% of return of laggard index if each index finishes above initial level; par if lesser-performing underlying asset falls by up to buffer level; otherwise, 1% loss for every 1% that lesser performing index declines beyond buffer
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Call: | At par plus a premium of 9% per year if each asset closes at or above its initial value on any annual call valuation date
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Initial levels: | 3,009.05 for S&P, 1,378.78 for Russell
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Buffer levels: | 2,557.693 for S&P, 1,134.907 for Russell; 85% of initial values
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Pricing date: | June 26
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Settlement date: | July 1
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17328VU99
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