By Wendy Van Sickle
Columbus, Ohio, June 28 – Citigroup Global Markets Holdings Inc. priced $10.03 million of 4.52% trigger callable yield notes due June 21, 2023 linked to the iShares MSCI Emerging Markets ETF and the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes are callable at par of $10 on any monthly coupon payment date after three months.
The payout at maturity will be par unless the lowest performing ETF finishes below its 60% downside threshold level, in which case investors will be fully exposed to the ETF’s decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger callable yield notes
|
| Underlying ETFs: | iShares MSCI Emerging Markets ETF and Invesco S&P 500 Equal Weight ETF
|
| Amount: | $13,118,240
|
| Maturity: | June 21, 2023
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| Coupon: | 4.52%, payable monthly
|
| Price: | Par of $10
|
| Call option: | At par on any monthly call date after three months
|
| Payout at maturity: | If the lowest performing ETF finishes at or above downside threshold level, par; otherwise, full exposure to losses of ETF
|
| Initial levels: | $54.31 for iShares MSCI Emerging Markets and $150.70 for S&P 500 Equal Weight ETF
|
| Downside threshold levels: | $32.59 for iShares MSCI Emerging Markets and $90.42 for S&P 500 Equal Weight ETF; 60% of initial levels
|
| Pricing date: | June 16
|
| Settlement date: | June 21
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 1%
|
| Cusip: | 17329D331
|
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