By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – Citigroup Global Markets Holdings Inc. priced $9.55 million of 5.65% equity-linked securities due Nov. 18, 2022 tied to the least performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B8 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be paid monthly.
If the final level of each index is at least as great as 82.5% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1.212121% for each 1% loss in the worse performing index beyond 17.5%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Equity-linked securities
|
| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
|
| Amount: | $9.55 million
|
| Maturity: | Nov. 18, 2022
|
| Coupon: | 5.65% annual rate, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above barrier, par; otherwise, 1.212121% loss for each 1% decline of worse performer beyond 17.5%
|
| Initial levels: | 15,388.71 for Nasdaq and 2,289.765 for Russell
|
| Downside threshold levels: | 12,695.686 for Nasdaq and 1,889.056 for Russell; 82.5% of initial levels
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17329UGS4
|
|
|
© 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.
