By William Gullotti
Buffalo, N.Y., Feb. 3 – Citigroup Global Markets Holdings Inc. priced $5.04 million of 9.35% trigger callable yield notes due April 30, 2024 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes are callable at par of $10 on any monthly coupon payment date after three months.
The payout at maturity will be par unless the ETF finishes below its 65% downside threshold level, in which case investors will be fully exposed to the ETF’s decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Trigger callable yield notes
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Underlying fund: | iShares Russell 2000 ETF
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Amount: | $5,039,000
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Maturity: | April 30, 2024
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Coupon: | 9.35%, payable monthly
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Price: | Par of $10
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Payout at maturity: | If the ETF finishes at or above downside threshold level, par; otherwise, full exposure to ETF decline from initial level
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Call option: | At par on any monthly call date after three months
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Initial level: | $189.58
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Downside threshold level: | $123.23; 65% of initial level
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Pricing date: | Jan. 27
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Settlement date: | Jan. 31
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Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 17331D840
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