By Wendy Van Sickle
Columbus, Ohio, April 4 – Citigroup Global Markets Holdings Inc. priced $10.61 million of 0% trigger autocallable notes due April 4, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, 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 6.75% a year if the fund closes at or above its initial level on any quarterly review date after six months.
If the notes have not been called, the payout at maturity will be par unless the fund falls by more than 15%, in which case investors will be fully exposed to losses.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $10,613,730
|
| Maturity: | April 4, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | At par plus 6.75% annualized if fund closes at or above its initial level on any quarterly review date after six months
|
| Payout at maturity: | Par unless fund falls by more than 15%, in which case full exposure to loss
|
| Initial price: | $235.54
|
| Downside threshold: | $200.209; 85% of initial price
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Underwriters: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17325E515
|
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