By William Gullotti
Buffalo, N.Y., May 6 – Citigroup Global Markets Holdings Inc. priced $3.02 million of 0% autocallable securities due May 5, 2027 linked to the Euro Stoxx 50 index and the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 11.15% per year if the worst performing index closes at or above its call level on any quarterly review date after six months. Call level will be equal to initial level except for the review dates occurring in April, when call level will temporarily step down to 90% of initial level.
If the worst performing index finishes at or above 90% of initial level, the payout at maturity will be par plus 33.45%.
Investors will receive par if the worst performing index declines by more than 10% but ends at or above the 75% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
The notes are guaranteed by Citigroup Inc.
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 indexes: | Euro Stoxx 50 index and Topix index
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| Amount: | $3,019,000
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| Maturity: | May 5, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above 90% of its initial value, par plus 33.45%; par if worst performing index declines by more than 10% but finishes at or above its 75% barrier; otherwise, 1% loss for every 1% that worst performing index declines
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| Call: | Automatically at par plus 11.15% per year if the worst performing index closes at or above its call level on any quarterly review date after six months; call level is equal to initial level on each review date except for the review dates occurring in April, when call level will temporarily step down to 90% of initial level
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| Initial levels: | 4,921.22 for Stoxx, 2,743.17 for Topix
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| Final barriers: | 3,690.915 for Stoxx, 2,057.378 for Topix; 75% of initial levels
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| Pricing date: | April 30
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| Settlement date: | May 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17331UEK9
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