By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – Citigroup Global Markets Holdings Inc. priced $500,000 of 6% single observation Equity Linked Securities due Feb. 23, 2021 linked to SPDR S&P 500 ETF trust shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par in cash unless the stock finishes below the downside threshold level, 80% of the initial share price, in which case the payout will be a number of trust shares equal to $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: | SPDR S&P 500 ETF trust
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Amount: | $500,000
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Maturity: | Feb. 23, 2021
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Coupon: | 6%, payable monthly
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Price: | Par
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Payout at maturity: | If stock finishes below downside threshold price, 2.95299 trust shares; otherwise, par in cash
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Initial level: | $338.64
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Downside threshold: | $270.912, 80% of initial price
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Pricing date: | Aug. 18
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Settlement date: | Aug. 21
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.75%
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Cusip: | 17324XU32
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