By Wendy Van Sickle
Columbus, Ohio, May 6 – Citigroup Global Markets Holdings Inc. priced $3.5 million of 10% annualized single observation Equity LinKed Securities due April 26, 2022 linked to the common stock of TripAdvisor, Inc., 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 of TripAdvisor shares is less than 62% of the initial price, in which case the payout will be a number TripAdvisor shares equal to $1,000 divided by the initial share price.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Single observation Equity LinKed Securities
|
| Underlying stock: | TripAdvisor, Inc. (NYSE: TRIP)
|
| Amount: | $3,497,000
|
| Maturity: | April 26, 2022
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| Coupon: | 10%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final price of TripAdvisor shares is less than 62% of initial price, in which case 19.84521 TripAdvisor shares
|
| Initial share price: | $50.39
|
| Downside threshold level: | $31.242, 62% of initial level
|
| Pricing date: | April 21
|
| Settlement date: | April 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17328NPD4
|
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