By Marisa Wong
Morgantown, W.Va., Nov. 1 – Citigroup Global Markets Holdings Inc. priced $1,595,000 of 0% capped trigger gears due Oct. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 2.07 times the gain.
If the index finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,595,000
|
| Maturity: | Oct. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.07 times any index gain; par if index finishes at or above downside threshold; otherwise, 1% loss for each 1% index decline
|
| Initial level: | 3,652.23
|
| Downside threshold: | 2,739.173, 75% of initial level
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 31
|
| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17325K313
|
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