By Wendy Van Sickle
Columbus, Ohio, Dec. 21 – Citigroup Global Markets Holdings Inc. priced $3.01 million of 0% trigger absolute return step securities due Dec. 21, 2021 linked to a basket containing the MSCI EAFE index with a 60% weight and the Euro Stoxx 50 index with a 40% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final basket level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the greater of the 39% step return and the basket return.
If the final basket level is less than the initial level and greater than or equal to the downside threshold level, 75% of the initial basket level, the payout will be par plus the absolute value of the basket return.
If the final basket level is less than the downside threshold level, investors will lose 1% for every 1% that the final basket level is less than the initial basket 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 absolute return step securities
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| Underlying indexes: | MSCI EAFE with 60% weight and Euro Stoxx 50 with a 40% weight
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| Amount: | $3,013,500
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| Maturity: | Dec. 21, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the final basket level is greater than or equal to initial level, par plus the greater of 39% and basket return; if the final basket level is less than initial level but greater than or equal to downside threshold level, par plus absolute value of basket return; otherwise, 1% loss for every 1% that basket declines from initial level
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| Initial index levels: | 1,668.60 for MSCI, 3,259.24 for Stoxx
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| Downside threshold: | 75% of initial basket level
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 21
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17325E143
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