By Emma Trincal
New York, Aug. 19 – Citigroup Global Markets Holdings Inc. priced $3.5 million of 0% trigger gears due Aug. 19, 2027 linked to the Russell 1000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par plus 1.28 times any index gain.
If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, 75% of the initial index level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline from its initial level.
Citigroup Global Markets Inc. is the underwriter. UBS Financial Services Inc.is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Trigger gears
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| Underlying index: | Russell 1000 Value index
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| Amount: | $3,500,000
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| Maturity: | Aug. 19, 2027
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.28 times any index gain; if index falls by up to 25%, par; otherwise, full exposure to decline from initial level
|
| Initial level: | 1,582.859
|
| Downside threshold: | 1,187.144; 75% of initial level
|
| Pricing date: | Aug. 16
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| Settlement date: | Aug. 19
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| Underwriter: | Citigroup Global Markets Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17330N849
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