By Wendy Van Sickle
Columbus, Ohio, July 20 – Citigroup Global Markets Holdings Inc. priced $10.48 million of 0% step down trigger autocallable notes due July 21, 2022 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par of $10 plus a 10.9% call premium if each index closes at or above its initial level on any quarterly valuation date after one year, aside from the final valuation date when the call level will be 70% of each index’s initial level.
If the notes are not subject to an automatic call, then the final level of at least one index will be less than its downside threshold, 70% of its initial level, and investors will lose 1% for each 1% decline of the lesser-performing index from its initial 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: | Step down trigger autocallable notes
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Underlying indexes: | Russell 2000 index and Euro Stoxx 50 index
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Amount: | $10,475,000
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Maturity: | July 21, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Full exposure to decline of least-performing index from initial level
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Call: | At par plus 10.9% per year if each index closes at or above its initial level on any quarterly valuation date after one year, aside from the final valuation date when call level will be 70% of each index’s initial level
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Initial index levels: | 1,427.614 for Russell 2000 and 3,478.68 for Euro Stoxx 50
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Downside thresholds: | 999.33 for Russell 2000 and 2,435.076 for Euro Stoxx 50; 70% of initial levels
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Pricing date: | July 18
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Settlement date: | July 21
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Underwriters: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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Fees: | 0.6%
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Cusip: | 17325K669
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