By Taylor Fox
New York, Nov. 11 – Citigroup Global Markets Holdings Inc. priced $520,000 of callable contingent coupon equity-linked securities due April 20, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a contingent quarterly coupon at an annualized rate of 6% if the index closes at or above its coupon barrier level, 70% of its initial level, on the valuation date for that period.
The notes will be callable in whole at par plus any coupon due on any quarterly valuation date.
If the notes are not redeemed early, the payout will be par plus any final coupon unless the index finishes below 65% of its initial level, in which case investors will lose 1% for every 1% that the index declines.
Citigroup Global Markets Inc.is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Callable contingent coupon equity-linked securities
|
Underlying index: | S&P 500 index
|
Amount: | $520,000
|
Maturity: | April 20, 2022
|
Contingent coupon: | 6% annual rate, payable quarterly if index closes at or above coupon barrier on the valuation date for that period
|
Price: | Par
|
Payout at maturity: | Par plus any final coupon unless index finishes below 65% of its initial level, in which case investors will lose 1% for every 1% that the index declines
|
Call option: | In whole at par plus any coupon due on any quarterly valuation date
|
Initial level: | 3,488.67
|
Coupon barrier: | 2,442.069; 70% of initial levels
|
Buffer level: | 2,267.636; 65% of initial levels
|
Pricing date: | Oct. 14
|
Settlement date: | Oct. 19
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 0.6%
|
Cusip: | 17328WNA2
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.