By Tali Rackner
Minneapolis, March 5 – Citigroup Global Markets Holdings Inc. priced $7.47 million of 0% trigger step securities due Feb. 28, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the index gain and the step return of 60.25%.
If the index falls by up to 25%, the payout will be par.
Investors will be fully exposed to any losses if the index finishes below its 75% downside threshold.
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 step securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $7,464,670
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| Maturity: | Feb. 28, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index gains, par plus greater of index return and 60.25%; par if index declines by up to 25%; full exposure to losses if index falls below downside threshold
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| Initial level: | 3,463.18
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| Barrier level: | 2,597.385, 75% of initial level
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 28
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| Underwriter: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17326E837
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