By Devika Patel
Knoxville, Tenn., April 2 – Citigroup Global Markets Holdings Inc. priced $772,000 of 0% trigger gears due Feb. 26, 2021 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 above the initial level, the payout at maturity will be par of $10 plus 2.45 times the gain.
If the index falls but finishes at or above the 75% downside threshold level, the payout will be par.
If the index falls by more than 25%, investors will lose 1% for each 1% decline from the initial level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger gears
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| Underlying index: | Euro Stoxx 50
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| Amount: | $772,000
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| Maturity: | Feb. 26, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 2.45 times any index gain; par if index declines by 25% or less; 1% loss for each 1% decline from initial level if index falls beyond 25%
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| Initial index level: | 3,463.18
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| Downside threshold: | 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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| Agent: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | None
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| Cusip: | 17326E217
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