By Wendy Van Sickle
Columbus, Ohio, July 29 – Citigroup Global Markets Holdings Inc. priced $1.18 million of 0% trigger gears due July 31, 2026 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.53 times the index return. Investors will receive par if the index declines by 30% or less and will be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger gears
|
| Underlying index: | Bloomberg Commodity Index 3 Month Forward
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| Amount: | $1,183,000
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| Maturity: | July 31, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index return is greater than zero, par plus 1.53 times the index return; par if the index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
|
| Initial index level: | 192.6391
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| Downside threshold: | 134.8474, 70% of initial level
|
| Pricing date: | July 27
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| Settlement date: | July 29
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 0.5%
|
| Cusip: | 17324P479
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