By Wendy Van Sickle
Columbus, Ohio, Aug. 26 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% trigger absolute return step securities due Aug. 27, 2027 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.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the greater of the step return of 27% and the index return.
If the final index level is less than the initial index level but greater than or equal to the downside threshold level, 75% of the initial index level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the downside threshold level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Citigroup Global Markets Inc. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger absolute return step securities
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| Underlying index: | S&P 500
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| Amount: | $10 million
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| Maturity: | Aug. 27, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to the initial index level, par plus the greater of 27% and the index return; if the final index level is less than the initial index level but greater than or equal to the downside threshold, par plus the absolute value of the index return; otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level
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| Initial index level: | 3,397.16
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| Downside threshold: | 2,547.87, 75% of initial level
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| Strike date: | Aug. 21
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 27
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| Underwriter: | Citigroup Global Markets Inc. with UBS Financial Services Inc. as selling agent
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| Fees: | 3.5%
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| Cusip: | 17327Y790
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