By Kiku Steinfeld
Chicago, March 2 – Citigroup Global Markets Holdings Inc. priced $1.35 million of 7% single observation Equity Linked Securities due Aug. 26, 2021 linked to the common ETF of iShares MSCI Brazil ETF, 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 unless the ETF finishes below the downside threshold price, 68% of the initial share price, in which case the payout will be a number of IShares MSCI Brazil 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Single observation Equity Linked Securities
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| Underlying ETF: | iShares MSCI Brazil ETF
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| Amount: | $1.35 million
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| Maturity: | Aug. 26, 2021
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| Coupon: | 7%, payable monthly
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| Price: | Par
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| Payout at maturity: | If ETF finishes below downside threshold price, 29.08668 ETF shares; otherwise, par in cash
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| Initial share price: | $34.38
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| Trigger price: | $23.378, 68% of initial level
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 26
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17328NDY1
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