By Marisa Wong
Morgantown, W.Va., May 6 – Citigroup Global Markets Holdings Inc. priced $5.08 million of 0% trigger gears due April 30, 2026 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.825 times the index return. Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger gears
|
| Underlying index: | Bloomberg Commodity Index 3 Month Forward
|
| Amount: | $5,075,000
|
| Maturity: | April 30, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.825 times any index gain; par if index declines by 30% or less; full exposure to losses if index falls beyond 30%
|
| Initial level: | 193.6734
|
| Downside threshold: | 135.57138, 70% of initial level
|
| Pricing date: | April 27
|
| Settlement date: | April 29
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 17324P123
|
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