By Wendy Van Sickle
Columbus, Ohio, Feb. 12 – Citigroup Global Markets Holdings Inc. priced $5.04 million of 10.15% daily observation Equity Linked Securities due Feb. 11, 2021 linked to Royal Caribbean Cruises Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par in cash unless the stock finishes below the initial level and ever closes below the downside threshold level, 70% of the initial share price, in which case the payout will be a number of salesforce.com 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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Daily observation Equity Linked Securities
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| Underlying stock: | Royal Caribbean Cruises Ltd.
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| Amount: | $5,039,000
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| Maturity: | Feb. 11, 2021
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| Coupon: | 10.15%, payable quarterly
|
| Price: | Par
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| Payout at maturity: | If stock finishes below initial level and ever closes below downside threshold price, 8.45594 Royal Caribbean shares; otherwise, par in cash
|
| Initial level: | $118.26
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| Downside threshold: | $82.782, 70% of initial price
|
| Pricing date: | Feb. 6
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| Settlement date: | Feb. 11
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17324XYC8
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