By William Gullotti
Buffalo, N.Y., Aug. 24 – Citigroup Global Markets Holdings Inc. priced $1.93 million of 0% autocallable contingent coupon market-linked notes due Aug. 23, 2029 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Investors will receive a contingent monthly coupon at a 5% annual rate if the index closes at or above its 80% coupon barrier on the relevant observation date.
The notes will be automatically called at par plus the coupon if the index closes at or above its initial level on any monthly valuation date after one year.
If the notes have not been called and the index finishes at or above its coupon barrier, the payout at maturity will be par plus the final coupon. Otherwise, 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 contingent coupon market-linked notes
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Underlying index: | Nasdaq-100
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Amount: | $1,934,000
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Maturity: | Aug. 23, 2029
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Coupon: | 5% per year, payable monthly if the index closes at or above its coupon barrier on the corresponding observation date
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Price: | Par
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Payout at maturity: | If index finishes at or above coupon barrier, par plus final coupon; otherwise, par
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Call: | Automatically at par plus the coupon if the index closes at or above its initial level on any monthly valuation date after one year
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Initial level: | 13,242.9
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Coupon barrier: | 10,594.32; 80% of initial level
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Pricing date: | Aug. 19
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Settlement date: | Aug. 24
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3.3%
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Cusip: | 17330R6N0
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