By Wendy Van Sickle
Columbus, Ohio, Oct. 1 – Citigroup Global Markets Holdings Inc. priced $950,000 callable contingent coupon equity-linked securities due Oct. 1, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a quarterly contingent coupon at an annualized rate of 5% if the index closes above 70% of its initial level on a relevant valuation date.
The notes will be callable at par plus the coupon on any quarterly valuation date other than the final one.
If the notes are not called, the payout at maturity will be par plus any coupon if the index finishes above its 60% final barrier value.
Otherwise, investors will be fully exposed to the index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable contingent coupon equity-linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $950,000
|
| Maturity: | Oct. 1, 2025
|
| Coupon: | 5% annual rate, payable quarterly if index finishes above coupon barrier on relevant valuation date
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon if index finishes above final barrier value, otherwise full exposure to losses of index
|
| Call option: | At par plus coupon on any quarterly valuation date other than final one
|
| Initial level: | 3,351.6
|
| Coupon barrier: | 2,346.12, 70% of initial level
|
| Final barrier: | 2,010.96, 60% of initial level
|
| Pricing date: | Sept. 28
|
| Settlement date: | Sept. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17328WHS0
|
|
|
© 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.
