By Wendy Van Sickle
Columbus, Ohio, May 29 – Citigroup Global Markets Holdings Inc. priced $1 million of 16% equity-linked notes due May 26, 2022 linked to the common stock of Peloton Interactive, Inc., according to 424B2 filings with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
The payout at maturity will be par unless the shares finish below the downside threshold, 60% of their initial level, in which case investors will be fully exposed to the decline.
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: | Peloton Interactive, Inc.
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Amount: | $1 million
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Maturity: | May 26, 2022
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Coupon: | 16%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless shares finish below downside threshold, in which case full exposure to decline
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Initial share price: | $43.50
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Downside threshold: | $27.18, 60% of initial level
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Pricing date: | May 22
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Settlement date: | May 28
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.4%
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Cusip: | 17328VNF3
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