By Angela McDaniels
Tacoma, Wash., May 31 – Citigroup Global Markets Holdings Inc. priced $3.98 million of 0% trigger gears due May 29, 2026 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.81 times the index return. Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger gears
|
| Underlying index: | Bloomberg Commodity Index 3 Month Forward
|
| Amount: | $3,978,000
|
| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is greater than zero, par plus 1.76 times index return; par if index return is less than or equal to zero and final index level is greater than or equal to downside threshold; full exposure to index’s decline from initial level if index finishes below downside threshold
|
| Initial index level: | 195.6859
|
| Downside threshold: | 136.9801, 70% of initial level
|
| Pricing date: | May 26
|
| Settlement date: | May 31
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 17324P206
|
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