By William Gullotti
Buffalo, N.Y., March 21 – Citigroup Global Markets Holdings Inc. priced $11.06 million of trigger autocallable notes due March 16, 2026 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.
The notes will be called automatically at par plus a 9% annualized call premium if the index closes at or above its initial level on any quarterly valuation date after six months.
The payout at maturity will be par unless the index finishes below its 80% downside threshold level, in which case investors will be fully exposed to the index’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 autocallable notes
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| Underlying index: | S&P 500 index
|
| Amount: | $11,058,750
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| Maturity: | March 16, 2026
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above downside threshold level, par; otherwise, full exposure to index decline from initial level
|
| Call: | Automatically at par plus a 9% annualized call premium if the index closes at or above its initial level on any quarterly valuation date after six months
|
| Initial level: | 5,117.94
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| Downside threshold level: | 4,094.35; 80% of initial level
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| Pricing date: | March 11
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| Settlement date: | March 14
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17331N475
|
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