By Wendy Van Sickle
Columbus, Ohio, July 6 – Citigroup Global Markets Holdings Inc. priced $182,000 of 0% autocallable market-linked notes due June 30, 2027 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
After two years, the notes will be automatically called at par plus an early redemption premium of 4.5% per year if the index closes at or above the applicable redemption threshold on any annual determination dates.
The redemption threshold is 106% of the initial index level for the first determination date and steps up by 3% each year to a redemption threshold of 118% of the initial level for the fifth determination date.
If the notes have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable market-linked notes
|
| Underlying index: | Citi Dynamic Asset Selector 5 Excess Return
|
| Amount: | $182,000
|
| Maturity: | June 30, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus 4.5% per year if index closes at or above redemption threshold on any annual determination date after two years; redemption threshold is 106% of the initial index level for the first determination date and steps up by 3% each year to a redemption threshold of 118% of the initial level for the fifth determination date
|
| Payout at maturity: | Par plus any index gain; par if index declines
|
| Initial level: | 228.88
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17328VJW1
|
|
|
|
|
© 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.
