By Kiku Steinfeld
Chicago, March 17 – Citigroup Global Markets Holdings Inc. priced $652,000 of 7.3% single observation Equity Linked Securities due March 11, 2021 linked to Morgan Stanley shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
The payout at maturity will be par in cash unless the stock finishes below the downside threshold level, 68% of the initial share price, in which case the payout will be a number of Morgan Stanley shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Single observation Equity Linked Securities
|
| Underlying stock: | Morgan Stanley (NYSE: MS)
|
| Amount: | $652,000
|
| Maturity: | March 11, 2021
|
| Coupon: | 7.3%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If stock finishes below downside threshold price, 23.90057 Morgan Stanley shares; otherwise, par in cash
|
| Initial level: | $41.84
|
| Downside threshold: | $28.451, 68% of initial price
|
| Pricing date: | March 6
|
| Settlement date: | March 11
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17324XWZ9
|
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