By Wendy Van Sickle
Columbus, Ohio, Jan. 25 – Citigroup Global Markets Holdings Inc. priced $12 million of 0% trigger gears due Jan. 12, 2032 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par plus 1.44 times the least performing index gain.
If the least performing index finishes at or below the initial level but at or above the downside threshold, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger gears
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $12 million
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| Maturity: | Jan. 12, 2032
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.44 times the least performing index gain; par if least performing index finishes flat or falls by up to 25%; otherwise, full exposure to least performing index decline from its initial level
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| Initial index level: | 4,677.03 for S&P, 2,179.81 for Russell
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| Downside threshold levels: | 3,507.77 for S&P, 1,634.858 for Russell; 75% of initial levels
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| Pricing date: | Jan. 7
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| Settlement date: | Jan. 12
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 5%
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| Cusip: | 17330L512
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