By Wendy Van Sickle
Columbus, Ohio, June 27 – Citigroup Global Markets Holdings Inc. priced $7 million of 0% trigger absolute return autocallable notes due June 25, 2020 linked to General Motors Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 13.25% if the shares close at or above its initial share price on any quarterly observation date.
If the stock finishes above its 75% downside threshold, the payout will be par plus the absolute value of the return.
Otherwise, 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 absolute return autocallable notes
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| Underlying stock: | General Motors Co.
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| Amount: | $7 million
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| Maturity: | June 25, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above downside threshold, par plus absolute return; otherwise, full exposure to share price decline
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| Call: | At par plus 13.25% annualized if shares close at or above initial share price on any quarterly observation date
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| Initial share price: | $42.26
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| Downside threshold: | $31.70, 75% of initial share price
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| Pricing date: | June 22
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| Settlement date: | June 25
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17326K650
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