By Sarah Lizee
Olympia, Wash., April 17 – Citigroup Global Markets Holdings Inc. priced $265,000 of 7.25% single observation Equity Linked Securities due April 12, 2021 linked to the common stock of Visa Inc., 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 unless the stock finishes below the downside threshold price, 70% of the initial share price, in which case the payout will be a number of Visa 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: | Visa Inc.
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| Amount: | $265,000
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| Maturity: | April 12, 2021
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| Coupon: | 7.25%, payable monthly
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| Price: | Par
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| Payout at maturity: | If stock finishes below downside threshold price, 5.93155 Visa shares; otherwise, par in cash
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| Initial share price: | $168.59
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| Trigger price: | $118.013, 70% of initial level
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| Pricing date: | April 7
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| Settlement date: | April 13
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17324XYV6
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