By Wendy Van Sickle
Columbus, Ohio, Aug. 11 – Citigroup Global Markets Holdings Inc. priced $5 million of callable dual range accrual notes due Aug. 10, 2037 linked to six-month Libor and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will accrue at an annualized rate of 7% for each day that Libor is between 0% and 5% and the index closes at or above the 80% barrier level. Interest will be payable quarterly. Interest is payable quarterly.
The payout at maturity will be par of $1,000 plus any coupon due.
The notes will be callable at par on any interest payment date beginning Aug. 10, 2018.
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: | Callable dual range accrual notes
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| Underlyings: | Six-month Libor and Russell 2000 index
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| Amount: | $5 million
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| Maturity: | Aug. 10, 2037
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| Coupon: | 7% annualized for each day on which Libor is 5% or less and index closes at or above index accrual barrier; payable quarterly
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus any coupon due
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| Call option: | At par on any interest payment date beginning Aug. 10, 2018
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| Initial index level: | 1,412.321
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| Index accrual barrier: | 1,129.857, 80% of initial level
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| Pricing date: | Aug. 4
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| Settlement date: | Aug. 9
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17324CLL8
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