By Wendy Van Sickle
Columbus, Ohio, June 30 – Citigroup Global Markets Holdings Inc. priced $5.1 million of 4.8% trigger callable yield notes due June 29, 2023 linked to the iShares Russell 2000 ETF and the Invesco QQQ trust, series 1, 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 of $10 on any monthly coupon payment date after three months.
The payout at maturity will be par unless the lowest performing ETF finishes below its 60% downside threshold level, in which case investors will be fully exposed to the ETF’s decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger callable yield notes
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| Underlying ETFs: | iShares Russell 2000 ETF and Invesco QQQ trust, series 1
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| Amount: | $5.1 million
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| Maturity: | June 29, 2023
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| Coupon: | 4.8%, payable monthly
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| Price: | Par of $10
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| Call option: | At par on any monthly call date after three months
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| Payout at maturity: | If the lowest performing ETF finishes at or above downside threshold level, par; otherwise, full exposure to losses of ETF
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| Initial levels: | $231.89 for iShares Russell 2000 and $349.89 for QQQ trust, series 1
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| Downside threshold levels: | $139.13 for iShares Russell 2000 and $209.93 for QQQ trust, series 1; 60% of initial levels
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| Pricing date: | June 24
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| Settlement date: | June 28
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 1%
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| Cusip: | 17329D166
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