By Wendy Van Sickle
Columbus, Ohio, June 8 – Citigroup Global Markets Holdings Inc. priced $10 million of contingent income autocallable securities due June 6, 2022 linked to Amazon.com, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 10% if the stock closes at or above the 88% downside threshold on the determination date for that month.
The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above its initial level on any determination date after six months.
The payout at maturity will be par unless the stock finishes below its 88% downside threshold, in which case investors will lose 1% for each 1% decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a selected dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $10 million
|
| Maturity: | June 6, 2022
|
| Coupon: | 10% annualized, payable each month if stock closes at or above downside threshold level on determination date for that month
|
| Price: | Par of $10
|
| Payout at maturity: | If stock finishes above downside threshold, par; otherwise, full exposure to decline
|
| Call: | At par plus contingent coupon if stock closes at or above initial level on any determination date after six months
|
| Initial share price: | $3,223.07
|
| Downside threshold: | $2,836.302, 88% of initial level
|
| Pricing date: | June 1
|
| Settlement date: | June 4
|
| Underwriter: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as a selected dealer
|
| Fees: | 0.2%
|
| Cusip: | 17329D885
|
|
|
© 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.
