By Sarah Lizee
Olympia, Wash., Dec. 31 – Citigroup Global Markets Holdings Inc. priced $1.59 million of 0% trigger step securities due Dec. 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return of 35.6%.
Investors will receive par if the index declines by 25% or less and will be exposed to the index’s decline from its initial level if it declines beyond 25%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger step securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,593,800
|
| Maturity: | Dec. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is zero or positive, par plus greater of 35.6% and return; par if index declines by up to 25%; full exposure to loss if index falls beyond 25%
|
| Initial level: | 2,467.70
|
| Downside threshold: | 1,850.78, 75% of initial level
|
| Pricing date: | Dec. 26
|
| Settlement date: | Dec. 31
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 3%
|
| Cusip: | 17326X751
|
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