By Kiku Steinfeld
Chicago, June 4 – Citigroup Global Markets Holdings Inc. priced $5 million of 6% trigger callable yield notes due June 2, 2022 linked to the S&P 500 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 on any monthly call date after six months.
The payout at maturity will be par of $10 unless the index finishes below its 50% trigger 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: | S&P 500 index
|
| Amount: | $4,997,500
|
| Maturity: | June 2, 2022
|
| Coupon: | 6%, payable monthly
|
| Price: | Par of $10
|
| Call option: | At par on any monthly call date after six months
|
| Payout at maturity: | If index finishes at or above trigger level, par; otherwise, full exposure to losses of index
|
| Initial level: | 3,036.13
|
| Trigger level: | 1,518.07; 50% of initial level
|
| Pricing date: | May 27
|
| Settlement date: | May 29
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 05591G694
|
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