By William Gullotti
Buffalo, N.Y., Feb. 24 – Citigroup Global Markets Holdings Inc. priced $2.36 million of 0% autocallable contingent barrier notes due Feb. 22, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If index closes at or above its initial level on March 3, 2023, the notes will be called at par plus a premium of 15.85%.
If index finishes at or above its initial level, the payout at maturity will be par plus 200% of the index return.
If the index declines up to the 85% barrier, investors will receive par. Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Autocallable contingent barrier notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $2,356,000
|
Maturity: | Feb. 22, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above its initial level, par plus 200% of the index return; if the index declines no farther than barrier level, par; otherwise, investors will lose 1% for each 1% decline from initial level
|
Call: | If index closes at or above initial level on March 3, 2023, at par plus a 15.85% call premium
|
Initial level: | 4,074.28
|
Barrier level: | 3,463.138; 85% of initial level
|
Pricing date: | Feb. 18
|
Settlement date: | Feb. 24
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 1.5%
|
Cusip: | 17330AF80
|
|
|
© 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.