By William Gullotti
Buffalo, N.Y., July 30 – Citigroup Global Markets Holdings Inc. priced $4.5 million of 10% annualized single observation Equity LinKed Securities due July 29, 2022 linked to the shares of Spotify Technology SA, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final price is less than 79% of the initial price, in which case the payout will be a number of shares equal to $1,000 divided by the initial share price or the cash equivalent at the issuer’s option.
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 asset: | Spotify Technology SA
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Amount: | $4,497,000
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Maturity: | July 29, 2022
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Coupon: | 10%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless final share price is less than 79% of initial price, in which case investors will receive 4.15645 shares per security or the cash equivalent at the issuer’s option
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Initial share price: | $240.59
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Downside threshold: | $190.066; 79% of initial level
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Pricing date: | July 26
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Settlement date: | July 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.25%
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Cusip: | 17328NVH8
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