By Wendy Van Sickle
Columbus, Ohio, Aug. 19 – Citigroup Global Markets Holdings Inc. priced $1 million of 12.75% equity-linked notes due Aug. 18, 2022 linked to the common stock of Peloton Interactive, Inc., according to 424B2 filings with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
The payout at maturity will be par unless the shares finish below the downside threshold, 50% of their initial level, in which case investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Equity-linked notes
|
| Underlying stock: | Peloton Interactive, Inc.
|
| Amount: | $1 million
|
| Maturity: | Aug. 18, 2022
|
| Coupon: | 12.75%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless shares finish below downside threshold, in which case full exposure to decline
|
| Initial share price: | $65.71
|
| Downside threshold: | $32.855, 50% of initial level
|
| Pricing date: | Aug. 14
|
| Settlement date: | Aug. 19
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.4%
|
| Cusip: | 17328WGC6
|
|
|
© 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.
