By William Gullotti
Buffalo, N.Y., March 5 – Citigroup Global Markets Holdings Inc. priced $2.93 million of trigger autocallable contingent yield notes due Feb. 5, 2027 linked to the stock performance of Home Depot, Inc., 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 an annualized rate of 8% if the stock closes at or above its coupon barrier, 62.25% of its initial value, on the corresponding observation date.
The notes will be redeemed at par plus the coupon if the stock closes at or above its initial value on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon if the stock finishes at or above its 62.25% downside threshold.
Otherwise, investors will lose 1% for each 1% decline of the stock from its initial value.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Home Depot, Inc.
|
| Amount: | $2,932,000
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| Maturity: | Feb. 5, 2027
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| Coupon: | 8% per year, payable quarterly if the stock closes at or above coupon barrier on the corresponding observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus coupon if the stock finishes at or above downside threshold; otherwise, 1% loss for each 1% decline of the stock from initial value
|
| Call: | At par plus the coupon if the stock closes at or above initial value on any quarterly observation date after six months
|
| Initial value: | $357.23
|
| Coupon barrier: | $222.38; 62.25% of initial value
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| Downside threshold: | $222.38; 62.25% of initial value
|
| Pricing date: | Feb. 2
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| Settlement date: | Feb. 7
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 17331N129
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