By Susanna Moon
Chicago, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $7.68 million of trigger autocallable contingent yield notes due Oct. 31, 2028 linked to the lesser performing of the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 8.5% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par unless either index finishes below its 50% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.
The notes will be 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 autocallable contingent yield notes
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| Underlying indexes: | MSCI Emerging Markets and Euro Stoxx 50
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| Amount: | $7,683,700
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| Maturity: | Oct. 31, 2028
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| Coupon: | 8.5% annualized, payable quarterly if each index closes at or above its 70% coupon barrier on each day that quarter
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| Price: | Par of $10
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| Payout at maturity: | If each index finishes at or above downside threshold, par plus contingent coupon; otherwise, 1% loss for each 1% decline of worse performing index
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| Call: | At par if each index closes above initial level on a quarterly observation date after one year
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| Initial levels: | 3,154.93 for Stoxx and 934.80 for MSCI EM
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| Coupon barriers: | 2,208.45 for Stoxx and 654.36 for MSCI EM, 70% of initial levels
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| Downside thresholds: | 1.577.47 for Stoxx and 467.40 for MSCI EM, 50% of initial levels
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| Pricing date: | Oct. 29
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| Settlement date: | Oct. 31
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17326X496
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