By Marisa Wong
Morgantown, W.Va., April 18 – Citigroup Global Markets Holdings Inc. priced $3.87 million of 0% trigger absolute return autocallable notes due April 10, 2019 linked to the common stock of Morgan Stanley, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a call premium of 11.55% per year if Morgan Stanley shares close at or above the initial share price on any quarterly observation date.
If the stock finishes at or above the downside threshold, 75% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. If the stock finishes below the downside threshold, investors will lose 1% for every 1% that the final share price is less than the initial share price.
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 absolute return autocallable notes
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| Underlying stock: | Morgan Stanley (Symbol: MS)
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| Amount: | $3.87 million
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| Maturity: | April 10, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to downside threshold, par plus absolute value of stock return; otherwise, full exposure to share price decline
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| Call: | Automatically at par plus 11.55% per year if stock closes at or above initial share price on any quarterly observation date
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| Initial share price: | $41.74
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| Downside threshold: | $31.31, 75% of initial share price
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| Pricing date: | April 5
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| Settlement date: | April 10
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17325E580
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