By Marisa Wong
Los Angeles, Sept. 21 – Citigroup Global Markets Holdings Inc. priced $3.95 million of 7.6% equity-linked securities due Sept. 14, 2021 tied to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
If the index finishes at or above its downside threshold, 80% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% decline of the index beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Equity-linked securities
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| Underlying index: | Nasdaq-100 index
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| Amount: | $3.95 million
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| Maturity: | Sept. 14, 2021
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| Coupon: | 7.6%, payable monthly
|
| Price: | Par
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| Payout at maturity: | Par unless index finishes below downside threshold, in which case 1.25% loss for every 1% decline of index beyond 20%
|
| Initial level: | 11,068.26
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| Downside threshold: | 8,854.608, 80% of initial level
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| Strike date: | Sept. 8
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| Pricing date: | Sept. 9
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| Settlement date: | Sept. 14
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | None
|
| Cusip: | 17328WE20
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