By William Gullotti
Buffalo, N.Y., July 5 – Citigroup Global Markets Holdings Inc. priced $1.5 million of trigger autocallable contingent yield notes due July 5, 2024 linked to the stock performance of Uber Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent monthly coupon at an annualized rate of 16.7% if the stock closes at or above its coupon barrier, 65% of its initial value, on the corresponding observation date.
The notes will be redeemed at par plus the coupon if the stock closes at or above its initial value on any monthly observation date.
The payout at maturity will be par plus the final coupon if the stock finishes at or above its 65% downside threshold.
Otherwise, investors will lose 1% for each 1% decline of the stock from its initial value.
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 autocallable contingent yield notes
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| Underlying stock: | Uber Technologies, Inc.
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| Amount: | $1.5 million
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| Maturity: | July 5, 2024
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| Coupon: | 16.7% per year, payable monthly if the stock closes at or above coupon barrier on the corresponding observation date
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| Price: | Par of $10
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| Payout at maturity: | Par plus coupon if the stock finishes at or above downside threshold; otherwise, 1% loss for each 1% decline of the stock from initial value
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| Call: | At par plus the coupon if the stock closes at or above initial value on any monthly observation date
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| Initial value: | $44.24
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| Coupon barrier: | $28.76; 65% of initial value
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| Downside threshold: | $28.76; 65% of initial value
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| Strike date: | June 28
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| Pricing date: | June 29
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| Settlement date: | June 30
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 1.25%
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| Cusip: | 17331M287
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