By Marisa Wong
Morgantown, W.Va., Feb. 20 – Citigroup Global Markets Holdings Inc. priced $5.83 million of 0% step-down trigger autocallable notes due Feb. 13, 2020 linked to the Euro Stoxx Banks index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a call return of 7.03% per year if each index closes at or above its initial level on any of the first four quarterly observation dates after one year or if each index closes at or above its 60% downside threshold level on the final valuation date.
If the notes are not called, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Step-down trigger autocallable notes
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| Underlying indexes: | Euro Stoxx Banks and Euro Stoxx 50
|
| Amount: | $5,827,500
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| Maturity: | Feb. 13, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | At par plus 7.03% per year if each index closes at or above initial level on any of first four quarterly observation dates after one year or if each index closes at or above downside threshold on final valuation date
|
| Payout at maturity: | 1% loss for each 1% decline of the worst performing index from initial level
|
| Initial levels: | 132.08 for Stoxx Banks, 3,325.99 for Stoxx 50
|
| Downside thresholds: | 79.248 for Stoxx Banks, 1,995.594 for Stoxx 50; 60% of initial levels
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
|
| Agent: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 1%
|
| Cusip: | 17326E548
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