By Marisa Wong
Los Angeles, Nov. 19 – Citigroup Global Markets Holdings Inc. priced $61.3 million of 0% equity-linked notes due Nov. 24, 2027 linked to the common stock of Exxon Mobil Corp., according to 424B2 filings with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
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, 136.6% 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: | Exxon Mobil Corp. (Symbol: XOM)
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| Amount: | $61.3 million
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| Maturity: | Nov. 24, 2027
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| Coupon: | 0%
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| Price: | Par
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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: | $38.67 (not the VWAP or closing price of the stock on the pricing date)
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| Threshold price: | $52.8232, 136.6% of initial price
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| Final price: | VWAP of the stock on Nov. 17, 2027
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| Pricing date: | Nov. 17
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| Settlement date: | Nov. 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | None
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| Cusip: | 17328Y2D5
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