Chicago, March 25 – Citigroup Global Markets Holdings Inc. priced $4.75 million of 6.85% autocallable securities due Aug. 4, 2022 linked to the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is paid semiannually.
If each asset closes at or above its initial level on any semiannual valuation date, the notes will be called at par plus an annualized 6.85% premium.
If each asset finishes at or above its initial level on either semiannual potential autocall date, the notes will be called at par plus the coupon.
If the least-performing asset falls but not below its buffer level, 80% of the initial level, the payout will be par plus the coupon.
Otherwise, investors will lose 1% for each 1% decline of the least-performing asset beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Russell 2000 index, iShares MSCI EAFE ETF
|
| Amount: | $4,750,000
|
| Maturity: | Aug. 4, 2022
|
| Coupon: | 6.85% annual rate, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes above buffer level, par plus coupon; otherwise, 1% loss for each 1% decline of the least-performing asset beyond 20%
|
| Call: | Automatically at par plus coupon if both assets close above initial level on either semiannual potential autocall date
|
| Initial levels: | $72.39 for ETF, 2,073.641 for Russell
|
| Buffer levels: | $57.912 for ETF, 1,658.913 for Russell, 80% of initial levels
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 4
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.05%
|
| Cusip: | 17328YKQ6
|
© 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.
