By Wendy Van Sickle
Columbus, Ohio, Aug. 1 – Citigroup Global Markets Holdings Inc. priced $1.15 million of variable coupon market-linked notes due July 29, 2027 tied to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a variable annual coupon of 5% if the index closes at or above its initial level on the corresponding date. If the index closes below its initial level on the observation date, investors will instead receive a 1.5% coupon.
The payout at maturity will be par plus the relevant coupon.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Variable coupon market-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $1,153,000
|
Maturity: | July 29, 2027
|
Coupon: | 5% payable annually if the index closes at or above initial level on relevant review date; if the index closes below its initial level on the review date, the coupon will be 1.5%
|
Price: | Par
|
Payout at maturity: | Par plus the relevant coupon
|
Initial level: | 3,921.05
|
Pricing date: | July 26
|
Settlement date: | July 29
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 4%
|
Cusip: | 17330PQ28
|
|
© 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.