By Wendy Van Sickle
Columbus, Ohio, Jan. 3 – Citigroup Global Markets Holdings Inc. priced $1.43 million of 0% trigger gears due Dec. 30, 2022 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 return is positive, the payout at maturity will be par plus 2.17 times the index gain.
If the index finishes at or below the initial level but at or above the downside threshold, 70% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Citigroup Global Markets Inc. is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $1,434,200
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Maturity: | Dec. 30, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2.17 times any index gain; par if index finishes at or below the initial level but at or above downside threshold; otherwise, full exposure to index decline
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Initial index level: | 3,782.27
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Downside threshold: | 2,647.589, 70% of initial level
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Pricing date: | Dec. 27
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Settlement date: | Dec. 31
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Underwriter: | Citigroup Global Markets Inc. with UBS Financial Services Inc. as selling agent
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Fees: | 0%
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Cusip: | 17327U558
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