By Wendy Van Sickle
Columbus, Ohio, June 15 – Citigroup Global Markets Holdings Inc. priced $11.16 million of trigger autocallable notes due June 14, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called automatically at par plus a 9.8% annualized call premium if the index closes at or above its initial level on any quarterly valuation date after one year.
The payout at maturity will be par unless the index finishes below its 70% downside threshold level, in which case investors will be fully exposed to the index’s decline.
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: | Trigger autocallable notes
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| Underlying index: | Russell 2000 index
|
| Amount: | $11,160,190
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| Maturity: | June 14, 2028
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index finishes at or above downside threshold level, par; otherwise, full exposure to index decline from initial level
|
| Call: | Automatically at par plus a 9.8% annualized call premium if the index closes at or above its initial level on any quarterly valuation date after one year
|
| Initial level: | 1,865.706
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| Downside threshold level: | 1,305.994; 70% of initial level
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| Pricing date: | June 9
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| Settlement date: | June 14
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 2.5%
|
| Cusip: | 17331M758
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