By Wendy Van Sickle
Columbus, Ohio, Oct. 22 – Citigroup Global Markets Holdings Inc. priced $8.78 million of trigger autocallable notes due Oct. 23, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
After a year, the notes will be automatically called at par of $10 plus a call premium of 10% a year if the index closes at or above the initial level on any quarterly observation date.
If the notes are not called and the final index level is greater than or equal to the downside threshold, 70% of the initial level, 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 notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,393,400
|
| Maturity: | Oct. 23, 2024
|
| Contingent coupon: | 0%
|
| 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 one year, automatically at par plus 10% per year premium if index closes at or above initial level on any quarterly observation date
|
| Initial level: | 3,579.41
|
| Downside threshold: | 2,505.59, 70% of initial level
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17327P807
|
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