By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – Citigroup Global Markets Holdings Inc. priced $11.29 million of 0% step down trigger autocallable notes due Sept. 14, 2023 linked to the least performing of the S&P 500 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annual call premium of 11.5% if each index closes at or above its initial level on any annual review date after one year or at or above its 70% downside threshold on the final date.
If the notes are not 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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Step down trigger autocallable notes
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| Underlying indexes: | S&P 500 and MSCI Emerging Markets
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| Amount: | $11,291,500
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| Maturity: | Sept. 14, 2023
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| Price: | Par of $10
|
| Payout at maturity: | Par plus return with 1% loss per 1% decline of worse performing index
|
| Call: | At par plus 11.5% per year if index closes at or above its initial level on any annual review date after one year or above 70% downside threshold on final date
|
| Initial levels: | 2,887.89 for S&P and 1,003.33 for Stoxx
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| Downside thresholds: | 2,021.523 for S&P and 702.331 for Stoxx, 70% of initial levels
|
| Pricing date: | Sept. 11
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| Settlement date: | Sept. 14
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326X801
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