By Sarah Lizee
Olympia, Wash., April 24 – Citigroup Global Markets Holdings Inc. priced $158,000 of 7% single observation Equity Linked Securities due March 9, 2020 linked to Facebook, 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 in cash unless the stock finishes below the downside threshold level, 78% of the initial share price, in which case the payout will be a number of Facebook 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: | Single observation Equity Linked Securities
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Underlying stock: | Facebook, Inc. (Nasdaq: FB)
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Amount: | $158,000
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Maturity: | March 9, 2020
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Coupon: | 7%, payable monthly
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Price: | Par
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Payout at maturity: | If stock finishes below downside threshold, 5.51146 Facebook shares; otherwise, par in cash
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Initial price: | $181.44
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Downside threshold: | $141.523, 78% of initial price
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Pricing date: | April 22
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Settlement date: | April 25
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17324XHP8
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