By Susanna Moon
Chicago, Aug. 31 – Citigroup Global Markets Holdings Inc. priced $2.18 million of annual reset coupon securities due Aug. 31, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable annually. If the index return is at least zero, the coupon will be 4.25%. If the index return is negative, the coupon will be 3%.
The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for each 1% decline beyond 15%.
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: | Annual reset coupon securities
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| Underlying index: | Russell 2000
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| Amount: | $2,177,000
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| Maturity: | Aug. 31, 2021
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| Coupon: | 4.25% if index return is at least zero; otherwise, 3%; payable annually
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| Price: | Par
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| Payout at maturity: | Par unless index falls by more than buffer, in which case 1% loss for each 1% drop beyond 15%
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| Initial level: | 1,238.031
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| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.75%
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| Cusip: | 17324C7G5
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