By Wendy Van Sickle
Columbus, Ohio, Sept. 13 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% jump securities with autocallable feature due Sept. 4, 2031 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par $10 plus 7% per year if the index closes at or above its initial level on any annual call determination.
If the index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 70%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc.is the underwriter with Morgan Stanley Wealth Management as a dealer.
| 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: | S&P 500 index
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| Amount: | $10 million
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| Maturity: | Sept. 4, 2031
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index’s final level is greater than or equal to the initial level, par plus 70%; otherwise, 1% loss for every 1% that the index declines from its initial level
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| Call: | Automatically at par plus 7% per year if index closes at or above initial level on any annual call determination date
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| Initial level: | 4,522.68
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| Pricing date: | Sept. 1
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| Settlement date: | Sept. 7
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| Underwriter: | Citigroup Global Markets Inc.
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 1.6%
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| Cusip: | 17329L622
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