By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – Citigroup Global Markets Holdings Inc. priced $1 million of principal-at-risk securities due Sept. 4, 2020 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a fixed coupon payment of 14.5% of par, on the maturity date.
In addition to the fixed coupon payment, the payout at maturity will be as follows:
• If the final underlying rate is greater than or equal to the final buffer rate, 50% of the initial underlying rate, par; or
• If the final underlying rate is less than the final buffer rate, par minus 2% for every 1% by which the underlying rate’s decline exceeds 50%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Principal-at-risk securities
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| Amount: | $1 million
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| Maturity: | Sept. 4, 2020
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| Coupon: | 14.5%, payable at maturity
|
| Price: | Par
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| Payout at maturity: | If final underlying rate is greater than or equal to final buffer rate, par; otherwise, par minus 2% for every 1% by which underlying rate’s decline exceeds 50%
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| Initial underlying rate: | 2.12413% (equal to Libor on strike date)
|
| Final buffer rate: | 1.062065%, or 50% of initial underlying rate
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| Strike date: | Aug. 28
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| Pricing date: | Aug. 29
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| Settlement date: | Sept. 4
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
|
| Cusip: | 17327THW9
|
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