By Taylor Fox
New York, Aug. 26 – Citigroup Global Markets Holdings Inc. priced $1.37 million of 6.5% single observation Equity Linked Securities due Aug. 26, 2021 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par in cash unless the fund finishes below the downside threshold level, 85% of the initial share price, in which case the payout will be a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.
The notes are guaranteed by Citigroup Inc.
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 fund: | SPDR S&P 500 ETF Trust
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Amount: | $1,365,000
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Maturity: | Aug. 26, 2021
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Coupon: | 6.5% annual rate, payable monthly
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Price: | Par
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Payout at maturity: | If fund finishes below downside threshold price, 2.58378 trust shares; otherwise, par in cash
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Initial level: | $387.03
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Downside threshold: | $328.976, 85% of initial price
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Pricing date: | Feb. 22
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Settlement date: | Feb. 25
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.75%
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Cusip: | 17328NDB1
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