By Wendy Van Sickle
Columbus, Ohio, June 13 – Citigroup Global Markets Holdings Inc. priced $5.34 million of 0% jump securities with autocallable feature due June 10, 2022 linked 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.
The notes will be called at par plus 9.68% a year if the index closes above its initial level on any of the first 11 quarterly observation dates.
At maturity, if the index return is positive or flat, the payout at maturity will be par plus 29.04%. If the index declines by 20% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is handling distribution.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Jump securities with autocallable feature
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| Underlying index: | Euro Stoxx 50
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| Amount: | $5,335,000
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| Maturity: | June 10, 2022
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If the index return is positive or flat, par plus 29.04%; if the index declines by 20% or less, par; otherwise, 1% loss for every 1% index decline from initial level
|
| Initial level: | 3,378.38
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| Trigger level: | 2,702.704, 80% of initial level
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| Pricing date: | May 24
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| Settlement date: | May 30
|
| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.92%
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| Cusip: | 17327P153
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