By Wendy Van Sickle
Columbus, Ohio, Dec. 13 – Citigroup Global Markets Holdings Inc. priced $5.79 million of 0% step down trigger autocallable notes due Dec. 10, 2024 linked to the lesser performing of the Dow Jones industrial average and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus 9.85% per year if each index closes at or above its initial level on a quarterly observation date after one year or closes at or above its downside threshold on Dec. 5, 2024, the final valuation date. The downside threshold for each index is 65% of its initial level.
If the notes are not subject to an automatic call, investors will be exposed to the decline of the lesser-performing index from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Step down trigger autocallable notes
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| Underlying indexes: | Dow Jones industrial average and MSCI Emerging Markets
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| Amount: | $5,790,750
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| Maturity: | Dec. 10, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Full exposure to decline of lesser-performing index from initial level
|
| Call: | Automatically at par plus 9.85% per year if each index closes at or above initial level on any quarterly valuation date after one year or closes at or above downside threshold on Dec. 5, 2024
|
| Initial levels: | 27,677.79 for Dow and 1,042.85 for MSCI Emerging Markets
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| Downside thresholds: | 17,990.564 for Dow and 677.853 for MSCI Emerging Markets, or 65% of initial levels
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| Pricing date: | Dec. 5
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| Settlement date: | Dec. 10
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| Underwriters: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 0%
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| Cusip: | 17327U772
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