By Susanna Moon
Chicago, Feb. 9 – Citigroup Global Markets Holdings Inc. priced $8.62 million of 0% autocallable securities due Feb. 2, 2023 linked to the Euro Stoxx 50 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call return of 10% if each index closes at or above its initial level on any of the first 19 valuation dates.
If the notes have not been called, the payout at maturity will be par unless either index finishes below 60% trigger level, in which case investors will receive par plus the return of the worse performing index with full exposure to any losses.
The notes are guaranteed by Citigroup Inc.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying indexes: | Euro Stoxx 50 index and FTSE 100 index
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| Amount: | $8.62 million
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| Maturity: | Feb. 2, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 10% per year if each index closes at or above its initial level on any of first 19 valuation dates
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| Payout at maturity: | Par unless either index finishes below 60% trigger, in which case par plus return of worse performing index with full exposure to any losses
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| Initial levels: | 3,647.41 for Stoxx and 7,665.54 for FTSE
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| Downside thresholds: | 2,188.446 for Stoxx and 4,599.324 for FTSE; 60% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Underwriters: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17324CR40
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