By Susanna Moon
Chicago, March 5 – Citigroup Global Markets Holdings Inc. priced $2.13 million of trigger autocallable contingent yield notes due Feb. 26, 2021 linked to Alphabet Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% if the stock closes at or above its 79.5% coupon barrier on the observation date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any quarterly determination date after six months.
The payout at maturity will be par unless the stock finishes below its 79.5% downside threshold, in which case investors will be fully exposed 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: | Trigger callable contingent yield notes
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| Underlying stock: | Alphabet Inc. (Symbol: GOOGL)
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| Amount: | $7,141,500
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| Maturity: | Feb. 26, 2021
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| Coupon: | 8% annualized, payable quarterly if stock closes at or above 79.5% coupon barrier on review date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | If stock finishes at or above 79.5% downside threshold, par; otherwise, 1% loss for each 1% decline
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| Call: | At par if stock closes at or above its initial level on any quarterly determination date beginning May 29, 2018
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| Initial level: | $1,143.70
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| Downside threshold: | $909.24, 79.5% of initial level
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 28
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17326K353
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