New York, March 19 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% step-down trigger autocallable notes due June 19, 2020 linked to the least performing of the common stocks of Morgan Stanley, JPMorgan Chase & Co. and Walmart Inc., 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 12.65% per year if each stock closes at or above its initial price on the first valuation date, one year after issuance, or each stock closes at or above its 70% downside threshold 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Step-down trigger autocallable notes
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| Underlying stocks: | Morgan Stanley, JPMorgan Chase & Co. and Walmart Inc.
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| Amount: | $10 million
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| Maturity: | June 19, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus 12.65% per year if each stock closes at or above initial price on June 21, 2019 valuation date or each stock closes at or above downside threshold on final valuation date
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| Payout at maturity: | 1% loss for each 1% decline of the worst performing stock from initial level
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| Initial prices: | $51.60 for Morgan Stanley, $109.97 for JPMorgan, $84.09 for Walmart; closing levels on strike date of June 13
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| Downside thresholds: | $36.120 for Morgan Stanley, $76.979 for JPMorgan, $58.863 for Walmart; 70% of initial levels
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| Pricing date: | June 14
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| Settlement date: | June 19
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| Agent: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 0.9%
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| Cusip: | 17326K809
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