Published on 8/3/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $14.37 million step-down trigger autocallables on Russell, MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – Citigroup Global Markets Holdings Inc. priced $14.37 million of 0% step-down trigger autocallable notes due July 29, 2022 linked to the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a call return of 9% a year if each index closes at or above its initial level on any of the first four annual observation dates or at or above its 70% downside threshold level on the final valuation date.
If the notes have not been called, the payout at maturity will be par plus the return of the worse performing index with full exposure to losses.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| 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: | Russell 2000 index and MSCI EAFE index
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| Amount: | $14,369,100
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| Maturity: | July 29, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 9% annualized if each index closes at or above its initial level on any of the first four annual observation dates or at or above its 70% downside threshold level on the final valuation date
|
| Payout at maturity: | If notes are not called, full exposure to the decline of the worse performing index
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| Initial levels: | 1,433.624 for Russell and 1,936.45 for MSCI EAFE
|
| Downside thresholds: | 1,003.537 for Russell and 1,355.515 for MSCI EAFE; 70% of initial levels
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| Pricing date: | July 27
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| Settlement date: | July 31
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| Underwriters: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 2.5%
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| Cusip: | 17325E578
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