By Wendy Van Sickle
Columbus, Ohio, June 21 – Citigroup Global Markets Holdings Inc. priced $3.68 million of dual range accrual notes due June 21, 2032 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will accrue at a 5.5% annualized rate for each day that Libor is between 0% and 5% and the index closes at or above the 75% barrier level. Interest will be payable quarterly.
The payout at maturity will be par of $1,000 plus any coupon due.
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: | Dual range accrual notes
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| Underlyings: | Six-month Libor and S&P 500 index
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| Amount: | $3.68 million
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| Maturity: | June 21, 2032
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| Coupon: | Contingent rate of 5.5% per annum multiplied by proportion of days 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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| Initial index level: | 2,433.15
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| Index accrual barrier: | 1,824.863, 75% of initial level
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| Pricing date: | June 16
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| Settlement date: | June 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17324CJU1
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