By Wendy Van Sickle
Columbus, Ohio, July 20 – Citigroup Global Markets Holdings Inc. priced $2.03 million of 9.25% single observation Equity LinKed Securities due July 23, 2019 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: | $2,034,000
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Maturity: | July 23, 2019
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Coupon: | 9.25%, payable monthly
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Price: | Par
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Payout at maturity: | If stock falls below trigger level, 26.06203 American Airlines shares; otherwise, par in cash
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Initial price: | $38.37
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Trigger price: | $28.778, 75% of initial level
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Pricing date: | July 18
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Settlement date: | July 23
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17324XEU0
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