Chicago, March 28 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% autocallable securities due April 30, 2026 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index closes at or above of its initial level on any annual valuation date, the notes will be called at par plus an annualized call premium of 7.7% per year.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of 30% or the return of the index.
If the index declines by up to 25%, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
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 securities
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $1,000,000
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| Maturity: | April 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, par plus greater of 30% or return of index; if the index declines up to barrier level, par; otherwise, investors will lose 1% for each 1% decline from the initial level
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| Call: | If index closes at or above its initial level on any annual valuation date, at par plus an annualized call premium of 7.7% per year
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| Initial level: | 4,011.91
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| Barrier level: | 3,008.933; 75% of initial level
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| Pricing date: | April 27, 2021
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| Settlement date: | April 30, 2021
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.35%
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| Cusip: | 17329FJA3
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