By Wendy Van Sickle
Columbus, Ohio, Nov. 27 – Citigroup Global Markets Holdings Inc. priced $5.2 million of 0% step-down trigger autocallable notes due Nov. 22, 2023 linked to the lesser performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par of $10 plus 9.45% per year if each asset closes at or above its initial level on any annual observation date, except the final one when the call threshold will be the 70% downside threshold level.
If the notes are not subject to an automatic call, that means the final level of at least one asset will be less than its downside threshold, 70% of its initial level, and investors will be exposed to the decline of the lesser-performing asset from its initial level.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | CitigroupGlobal Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Step-down trigger autocallable notes
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average
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| Amount: | $5.2 million
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| Maturity: | Nov. 22, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | Automatically at par plus 9.45% per year if each asset closes at or above its initial level on any observation date except the final one, when the call level will be the downside threshold
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| Payout at maturity: | Full exposure to decline of lesser-performing asset from initial level
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| Initial index levels: | 6,642.971 for Nasdaq, 25,017.44 for Dow
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| Downside thresholds: | 4,650.042 for Nasdaq, 17,512.208 for Dow; 70% of initial levels
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| Pricing date: | Nov. 16
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| Settlement date: | Nov. 21
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17326X462
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