By Sarah Lizee
Olympia, Wash., Nov. 26 – Citigroup Global Markets Holdings Inc. priced $5.07 million of securities due Dec. 12, 2019 linked to the S&P GSCI Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a coupon equal to one-month Libor minus 15 basis points, subject to a floor of zero. Interest is payable monthly.
The payout at maturity will be par plus the supplemental return amount. The supplemental return amount will equal par times (a) 3 times (b) the difference of the underlying index performance minus the T-Bill amount minus a fee of 0.15% per year.
The underlying index performance is (a) the final index level divided by the initial level minus (b) 1.
The T-Bill amount is the hypothetical interest accrued on the 13-week U.S. Treasury bills from but excluding the pricing date to and including the relevant trading day.
The notes will be automatically called at par plus the supplemental return amount if the index ever closes at or below 85% of its initial level.
The notes are putable at any time, subject to a minimum redemption amount of 1,000 notes.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Securities
|
| Underlying index: | S&P GSCI Total Return
|
| Amount: | $5,065,000
|
| Maturity: | Dec. 12, 2019
|
| Coupon: | One-month Libor minus 15 bps, subject to a floor of zero; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus the supplemental return amount; supplemental return amount will equal par times (a) 3 times (b) the difference of the underlying index performance minus the T-Bill amount minus a fee of 0.15% per year
|
| Call: | Automatically at par plus the supplemental return amount if the index ever closes at or below 85% of its initial level
|
| Put option: | At any time, subject to a minimum redemption amount of 1,000 notes
|
| Initial index level: | 2,663.527
|
| Pricing date: | Nov. 5
|
| Settlement date: | Nov. 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326YRP3
|
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