By Susanna Moon
Chicago, June 25 – Citigroup Global Markets Holdings Inc. priced $774,000 of trigger autocallable contingent yield notes due June 20, 2023 linked to the least performing of the iShares Russell 2000 ETF and the SDR Euro Stoxx 50 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 6.75% if each underlying fund closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each fund closes at or above its initial level on any review date after six months.
The payout at maturity will be par unless either fund finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the worse performing fund.
The notes are guaranteed by Citigroup Inc.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying assets: | iShares Russell 2000 ETF and SPDR Euro Stoxx 50 ETF
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| Amount: | $774,000
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| Maturity: | June 20, 2023
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| Coupon: | 6.75% annualized, payable quarterly if each fund closes at or above its 70% coupon barrier on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | If each fund finishes at or above trigger level, par; otherwise, 1% loss per 1% decline of worse performing index
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| Call: | At par if each fund closes at or above its initial level on any quarterly call date
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| Initial levels: | $167.81 for Russell fund and $39.65 for Stoxx fund
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| Downside thresholds: | $117.467 for Russell fund and $27.755 for Stoxx fund, 70% of initial levels
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| Pricing date: | June 15
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| Settlement date: | June 20
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17326K833
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