By Marisa Wong
Morgantown, W.Va., March 24 – Citigroup Global Markets Holdings Inc. priced $14 million of 0% step-down trigger autocallable notes due March 22, 2022 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a call return of 8.2% a year if each index closes at or above its initial level on any of the first four annual observation dates or at or above its 65% downside threshold level on the final valuation date.
If the notes have not been called, the payout at maturity will be par plus the return of the worse performing index with full exposure to losses.
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: | Step-down trigger autocallable notes
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Underlying indexes: | Russell 2000 index and Nasdaq-100 index
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Amount: | $14,004,900
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Maturity: | March 22, 2022
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Coupon: | 0%
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Price: | Par of $10
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Call: | At par plus 8.2% annualized if each index closes at or above its initial level on any of the first four annual observation dates or at or above its 65% downside threshold level on the final valuation date
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Payout at maturity: | If notes are not called, full exposure to the decline of the worse performing index
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Initial levels: | 1,391.524 for Russell and 5,408.764 for Nasdaq
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Downside thresholds: | 904.471 for Russell and 3,515.697 for Nasdaq; 65% of initial levels
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Pricing date: | March 17
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Settlement date: | March 22
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Underwriters: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17325E754
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