New Issue: Citigroup prices $19.2 million 15.58% autocallable contingent coupon equity notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Oct. 24 – Citigroup Global Markets Holdings Inc. priced $19.2 million of autocallable contingent coupon equity linked securities due Oct. 23, 2025 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive an annualized coupon of 15.58% paid quarterly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date.

The securities will be called automatically starting April 19, 2023 if the price of the worst performing index is greater than or equal to its initial price on any quarterly valuation date.

The payout at maturity will be par if the worst performing index ends at or above its 75% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity linked securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$19.2 million
Maturity:	Oct. 23, 2025
Coupon:	15.58% paid quarterly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date
Price:	Par
Payout at maturity:	If worst performing index finishes at or above final barrier, par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
Call:	Automatically starting April 19, 2023 if level of worst performing index is greater than or equal to its initial price on any quarterly valuation date
Initial levels:	11,103.38 for Nasdaq-100 index, 1,725.756 for Russell 2000 index, 3,695.16 for S&P 500 index
Coupon barriers:	8,327.535 for Nasdaq-100 index, 1,294.317 for Russell 2000 index, 2,771.37 for S&P 500 index, 75% of initial levels
Final barriers:	8,327.535 for Nasdaq-100 index, 1,294.317 for Russell 2000 index, 2,771.37 for S&P 500 index, 75% of initial levels
Pricing date:	Oct. 19
Settlement date:	Oct. 24
Agent:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17330YBM1

© 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.