By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – Citigroup Global Markets Holdings Inc. priced $8.39 million of 6.22% trigger callable yield notes due May 13, 2022 linked to the Invesco S&P 500 Equal Weight 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 on any monthly coupon payment date after three months.
The payout at maturity will be par of $10 unless the ETF finishes below its 55% 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger callable yield notes
|
| Underlying ETF: | Invest S&P 500 Equal Weight ETF
|
| Amount: | $8,386,800
|
| Maturity: | May 13, 2022
|
| Coupon: | 6.22%, payable monthly
|
| Price: | Par of $10
|
| Call option: | At par on any monthly call date after three months
|
| Payout at maturity: | If ETF finishes at or above downside threshold level, par; otherwise, full exposure to losses of ETF
|
| Initial level: | $134.46
|
| Downside threshold level: | $73.95; 55% of initial level
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 16
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 0%
|
| Cusip: | 17329B301
|
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