By Marisa Wong
Morgantown, W.Va., Feb. 5 – Citigroup Global Markets Holdings Inc. priced $2,595,000 of trigger autocallable contingent yield notes due Jan. 31, 2022 linked to 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 pay a contingent quarterly coupon at a rate of 8% per year if the index closes at or above the coupon barrier, 70% of the initial level, on the related quarterly valuation date.
The notes will be automatically called at par of $10 plus the contingent coupon if the index closes at or above the initial level on any quarterly observation date after six months.
If the notes are not called and the final index level is greater than or equal to the 70% downside threshold, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.
Citigroup Global Markets Inc. is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $2,595,000
|
| Maturity: | Jan. 31, 2022
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| Coupon: | 8% per year, payable each quarter that index closes at or above the coupon barrier on the valuation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline from initial level
|
| Call: | After six months, automatically at par plus contingent coupon if index closes at or above initial level on any quarterly observation date
|
| Initial level: | 24,579.96
|
| Coupon barrier: | 17,205.972, 70% of initial level
|
| Downside threshold: | 17,205.972, 70% of initial level
|
| Pricing date: | Jan. 29
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| Settlement date: | Jan. 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 17326W415
|
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