By Susanna Moon
Chicago, Feb. 2 – Citigroup Global Markets Holdings Inc. priced $5 million of 0% step-down trigger autocallable notes due Jan. 30, 2023 linked to the Euro Stoxx 50 index and the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call return of 13.8% if each index closes at or above its initial level on any of the first four annual observation dates or at or above its 70% downside threshold 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 any losses.
The notes are guaranteed by Citigroup Inc.
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: | Euro Stoxx 50 index and Euro Stoxx Banks index
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| Amount: | $5 million
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| Maturity: | Jan. 30, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 13.8% per year if each index closes at or above its initial level on any of first four annual observation dates or at or above 70% downside threshold on final valuation date
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| Payout at maturity: | Par plus return of worse performing index with full exposure to any losses
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| Initial levels: | 3,630.15 for Stoxx 50 and 142.88 for Stoxx Banks
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| Downside thresholds: | 2,541.105 for Stoxx 50 and 100.016 for Stoxx Banks; 70% of initial levels
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 31
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| Underwriters: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17326E738
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