By Susanna Moon
Chicago, June 8 – Citigroup Global Markets Holdings Inc. priced $352,000 of annual reset coupon securities due June 1, 2021 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The coupon will be 4.5% unless the index return is negative, in which case the coupon will be 3%. Interest is payable annually.
The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for every 1% decline beyond 15%.
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: | Annual reset coupon securities
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| Underlying index: | Russell 2000
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| Amount: | $352,000
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| Maturity: | June 1, 2021
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| Coupon: | 4.5% if index return is zero or positive; otherwise, 3%; payable annually
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| Price: | Par
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| Payout at maturity: | Par unless final index level is less than buffer level, in which case 1% loss for every 1% drop beyond 15%
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| Initial level: | 1,141.024
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| Buffer level: | 969.870, 85% of initial level
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17324C3C8
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