Chicago, Nov. 20 – Citigroup Global Markets Holdings Inc. priced $934,000 of 0% market-linked securities that are autocallable with a contingent downside due Nov. 6, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called if the closing value of the index on a semiannual valuation date is above its initial value.
If the notes are called, the notes will be redeemed at par plus a call premium at an annual rate of 7%.
The payout at maturity will be par unless the index finishes below its 85% trigger value, in which case investors will be fully exposed to the losses of the index
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities
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| Underlying index: | S&P 500 index
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| Amount: | $934,000
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| Maturity: | Nov. 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Call: | Automatically at par plus call premium at annual rate of 7% if index finishes above initial level on semiannual redemption date
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| Payout at maturity: | Par unless index finishes below 85% trigger value, in which case full exposure to losses
|
| Initial index level: | 3,046.77
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| Trigger value: | 2,589.7545, 85% of initial level
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
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| Fees: | 2.175%
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| Cusip: | 17327TQS8
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