Published on 10/25/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.36 million 8% ELKS due 2019 linked to Facebook
By Emma Trincal
New York, Oct. 25 – Citigroup Global Markets Holdings Inc. priced $1.36 million of 8% single observation Equity LinKed Securities due Oct. 25, 2019 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the stock finishes below its 80% downside threshold, in which case investors will receive a number of shares equal to par of $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.
The notes are guaranteed by Citigroup Inc.
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: | Single observation Equity LinKed Securities
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| Underlying stock: | Facebook, Inc. (Symbol: FB)
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| Amount: | $1,357,000
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| Maturity: | Oct. 25, 2019
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| Coupon: | 8%, payable monthly
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| Price: | Par
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| Payout at maturity: | If stock finishes below downside threshold, 6.46078 Facebook shares or, at the issuer’s option, the cash equivalent; otherwise, par in cash
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| Initial share price: | $154.78
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| Downside threshold: | $123.824, 80% of initial price
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| Pricing date: | Oct. 22
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| Settlement date: | Oct. 25
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17324XLZ1
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