By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – Citigroup Global Markets Holdings Inc. priced $9.95 million of 8.9% trigger callable yield notes due Dec. 4, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes are callable at par of $10 on any monthly coupon payment date after three months.
The payout at maturity will be par unless the index finishes below its 60% downside threshold level, in which case investors will be fully exposed to the index’s decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger callable yield notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $9,945,450
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| Maturity: | Dec. 4, 2024
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| Coupon: | 8.9%, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above downside threshold level, par; otherwise, full exposure to index decline from initial level
|
| Call option: | At par on any monthly call date after three months
|
| Initial level: | 15,462.43
|
| Downside threshold level: | 9,277.46; 60% of initial level
|
| Pricing date: | Aug. 30
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| Settlement date: | Aug. 31
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 0%
|
| Cusip: | 17331M527
|
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