By Wendy Van Sickle
Columbus, Ohio, Dec. 12 – Citigroup Global Markets Holdings Inc. priced $3.56 million of step-down trigger autocallable notes due Dec. 11, 2023 linked to the Dow Jones industrial average and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par of $10 plus 12.8% per year if each asset closes at or above its initial level on any annual observation date, except the final one when the call threshold will be the 65% downside threshold level.
If the notes are not subject to an automatic call, that means the final level of at least one asset will be less than its downside threshold, 65% of its initial level, and investors will be exposed to the decline of the lesser-performing asset from its initial level.
UBS Financial Services Inc. and Citigroup Global Markets Inc. the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Step-down trigger autocallable notes
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| Underlying indexes: | Dow Jones industrial average and MSCI Emerging Markets
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| Amount: | $3,555,000
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| Maturity: | Dec. 11, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 12.8% per year if each asset closes at or above its initial level on any observation date except the final one, when the call level will be the downside threshold
|
| Payout at maturity: | Full exposure to decline of lesser-performing asset from initial level
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| Initial levels: | 24,947.67 for Dow, 978.93 for MSCI EM
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| Downside thresholds: | 16,215.986 for Dow, 636.305 for MSCI EM, 65% of initial levels
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| Pricing date: | Dec. 67
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| Settlement date: | Dec. 12
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17326X173
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