By Wendy Van Sickle
Columbus, Ohio, May 17 – Citigroup Global Markets Holdings Inc. priced $14 million of 0% step down trigger autocallable notes due May 15, 2026 linked to the lesser performing of the S&P 500 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus 8.2% per year if each index closes at or above its initial level on a annual observation date or closes at or above its downside threshold on May 12, 2026, the final valuation date. The downside threshold for each index is 70% of its initial level.
If the notes are not subject to an automatic call, investors will be exposed to the decline of the lesser-performing index from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Step down trigger autocallable notes
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| Underlying indexes: | S&P 500 index and MSCI Emerging Markets
|
| Amount: | $14 million
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| Maturity: | May 15, 2026
|
| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Full exposure to decline of lesser-performing index from initial level
|
| Call: | Automatically at par plus 8.2% per year if each index closes at or above initial level on any annual valuation date or closes at or above downside threshold on May 12, 2026
|
| Initial levels: | 4,063.04 for S&P and 1,315.25 for MSCI Emerging Markets
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| Downside thresholds: | 2,844.13 for S&P and 920.68 for MSCI Emerging Markets, or 70% of initial levels
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| Pricing date: | May 12
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| Settlement date: | May 17
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| Underwriters: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 0%
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| Cusip: | 17329D844
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