By Taylor Fox
New York, Aug. 25 – Citigroup Global Markets Holdings Inc. priced $1 million of 6.6% equity-linked securities due Feb. 10, 2022 tied to the least performing of the S&P 500 index and Russell 2000 index, according to a 424B8 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be paid quarterly.
If the final level of each index is at least as great as 75% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% loss in the worse performing index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Equity-linked securities
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $1 million
|
| Maturity: | Feb. 10, 2022
|
| Coupon: | 6.6% annual rate, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above barrier, par; otherwise, 1% loss for each 1% decline of worse performer from its initial level
|
| Initial levels: | 3,886.83 for S&P and 2,233.327 for Russell
|
| Downside threshold levels: | 2,915.123 for S&P and 1,674.995 for Russell; 75% of initial levels
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 10
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17328YXP4
|
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