By Susanna Moon
Chicago, Nov. 3 – Citigroup Global Markets Holdings Inc. priced $7.41 million of 0% step down trigger autocallable notes due Oct. 31, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annual call premium of 8.15% if each index closes at or above its initial level on the first 16 quarterly valuation dates or at or above the 70% downside threshold on the final valuation date.
If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.
The notes will be guaranteed by Citigroup Inc.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are 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: | S&P 500 and Euro Stoxx 50
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| Amount: | $7,414,400
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| Maturity: | Oct. 31, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 8.15% annualized if each index closes at or above its initial level on any of 16 quarterly valuation dates after one year or at or above downside threshold on the final valuation date
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| Payout at maturity: | 1% loss for each 1% decline of worse performing index
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| Initial levels: | 2,581.07 for S&P and 3,652.23 for Stoxx
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| Barrier levels: | 1,806.749 for S&P and 2,556.561 for Stoxx; 70% of initial levels
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| Pricing date: | Oct. 27
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| Settlement date: | Oct. 31
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| Underwriter: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17325K271
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