By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – Citigroup Global Markets Holdings Inc. priced $2.09 million of 8.25% single observation Equity LinKed Securities due Feb. 22, 2018 linked to American Airlines Group Inc. shares, 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 stock finishes below the trigger level, 75% of the initial share price, in which case the payout will be a number of American Airlines 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: | Equity LinKed Securities
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| Underlying stock: | American Airlines Group Inc. (Nasdaq: AAL)
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| Amount: | $2,086,000
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| Maturity: | Feb. 22, 2018
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| Coupon: | 8.25%, payable monthly
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| Price: | Par
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| Payout at maturity: | If stock falls below trigger level, 21.29019 American Airlines shares; otherwise, par in cash
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| Initial price: | $46.97
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| Trigger price: | $35.228, 75% of initial level
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17324XBC3
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