New Issue: Citigroup sells $2.49 million of market-linked securities on indexes

Chicago, May 3 – Citigroup Global Markets Holdings Inc. priced $2.49 million of market-linked securities – autocallable with contingent coupon and contingent downside due March 22, 2028 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% if each index closes at or above the 70% coupon barrier on the observation date for that quarter.

The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date after one year.

The payout at maturity will be par unless any index finishes below the 60% final barrier level, in which case investors will be fully exposed to any decline of the worst performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities – autocallable with contingent coupon and contingent downside
Underlying indexes:	S&P 500, Russell 2000, Euro Stoxx 50
Amount:	$2,490,000
Maturity:	March 22, 2028
Coupon:	7% annual rate, payable quarterly if each index closes at or above the coupon barrier level on the observation date for that quarter
Price:	Par
Call:	Automatically called at par if all indexes finish above starting levels on any quarterly observation date after one year
Payout at maturity:	Par unless any index finishes below the final barrier level, in which case investors will be fully exposed to any decline of the worst performing index
Initial levels:	3,974.12 for S&P, 2,336.392 for Russell, 3,849.74 for Stoxx
Coupon barrier levels:	2781.884 for S&P, 1635.4744 for Russell, 2694.818 for Stoxx; 70% of initial levels
Final barrier levels:	2,384.472 for S&P, 1,401.8352 for Russell, 2,309.844 for Stoxx; 60% of initial levels
Pricing date:	March 17
Settlement date:	March 22
Agents:	Citigroup Global Markets Inc. and Wells Fargo Securities LLC
Fees:	2.875%
Cusip:	17328YZG2

© 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.