By William Gullotti
Buffalo, N.Y., Jan. 10 – Citigroup Global Markets Holdings Inc. priced $92 million of 0.25% equity-linked notes due Jan. 13, 2028 linked to the common stock of Walt Disney Co., according to 424B2 filings with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be paid quarterly at an annual rate of 0.25%.
The payout at maturity will be the greater of par and the alternative settlement amount. The alternative settlement amount is par times the final share price divided by the threshold price, 131.6% of the initial price.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Equity-linked notes
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| Underlying stock: | Walt Disney Co.
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| Amount: | $92 million; $94.3 million gross proceeds
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| Maturity: | Jan. 13, 2028
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| Coupon: | 0.25% per year, paid quarterly
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| Price: | Par of $1,000; sold at $1,025
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| Payout at maturity: | Greater of (i) par and (ii) par times the final share price divided by the threshold price
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| Initial price: | $94.2183
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| Threshold price: | $123.9913; 131.6% of initial price
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| Pricing date: | Jan. 6
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| Settlement date: | Jan. 13
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | None
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| Cusip: | 17330YUV0
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