By Wendy Van Sickle
Columbus, Ohio, May 2 – Citigroup Global Markets Holdings Inc. priced $21.32 million of trigger autocallable notes due May 1, 2028 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
After one year, the notes will be automatically called at par of $10 plus a call premium of 10% a year if the index closes at or above the initial level on any quarterly observation date.
If the notes are not called and the final index level is greater than or equal to the downside threshold, 70% of the initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $21,317,520
|
| Maturity: | May 1, 2028
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline from initial level
|
| Call: | After one year, automatically at par plus 10% per year premium if index closes at or above initial level on any quarterly observation date
|
| Initial level: | 4,055.99
|
| Downside threshold: | 2,839.19, 70% of initial level
|
| Pricing date: | April 26
|
| Settlement date: | April 28
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17331D567
|
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