By Wendy Van Sickle
Columbus, Ohio, March 9 – Citigroup Global Markets Holdings Inc. priced $8.97 million of trigger autocallable contingent yield notes due March 12, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 8.4% if the index closes at or above its coupon barrier level, 80% of its initial level, on the observation date for that quarter.
The notes will be called at par if the index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon unless the index finishes below the downside threshold, 80% of the initial level, in which case investors will lose 1% for each 1% decline of the 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: | Trigger autocallable contingent yield notes
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Underlying index: | Euro Stoxx 50
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Amount: | $8,971,000
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Maturity: | March 12, 2020
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Coupon: | 8.4%, payable quarterly if index closes at or above coupon barrier level on observation date
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Price: | Par of $10
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Call: | After six months, at par plus contingent coupon if index closes at or above initial level on any quarterly observation date
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Payout at maturity: | Par plus final coupon unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index from initial level
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Initial level: | 3,377.36
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Coupon barrier: | 2,701.888, 80% of initial level
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Downside threshold: | 2,701.888, 80% of initial level
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Pricing date: | March 7
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Settlement date: | March 12
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Agent: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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Fees: | 1.5%
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Cusip: | 17326K179
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