New Issue: Citi sells $16 million trigger callable contingent yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, March 16 – Citigroup Global Markets Holdings Inc. priced $16 million of trigger callable contingent yield notes due March 15, 2030 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at a rate of 9.5% per year if each index closes at or above its coupon barrier, 70% of its initial level, on the valuation date that quarter.

The notes are callable at par of $10 plus any coupon due on any quarterly coupon payment date after one year.

If the notes are not called and each index finishes at or above its downside threshold, 50% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is the selling agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Trigger callable contingent yield notes
Underlying indexes:	Euro Stoxx 50, Russell 2000 and MSCI Emerging Markets
Amount:	$16 million
Maturity:	March 15, 2030
Coupon:	9.5% per year, payable quarterly if each index closes at or above its coupon barrier on valuation date that quarter
Price:	Par of $10
Payout at maturity:	If each index finishes at or above downside threshold, par; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
Call option:	At par plus any coupon due on any quarterly coupon payment date after one year
Initial levels:	946.62 for MSCI Emerging Markets, 1,264.296 for Russell 2000 and 2,905.56 for Euro Stoxx 50
Coupon barriers:	662.634 for MSCI Emerging Markets, 885.007 for Russell 2000 and 2,033.892 for Euro Stoxx 50, or 70% of initial levels
Downside thresholds:	473.31 for MSCI Emerging Markets, 632.148 for Russell 2000 and 1,452.78 for Euro Stoxx 50, or 50% of initial levels
Pricing date:	March 11
Settlement date:	March 16
Underwriter:	Citigroup Global Markets Inc.
Selling agent:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	17327U236

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