By William Gullotti
Buffalo, N.Y., Nov. 5 – Citigroup Global Markets Holdings Inc. priced $1.14 million of 0% callable barrier securities due Aug. 2, 2023 linked to the MSCI World Dividend Growers Quality Select index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a call premium of 10.2% if the index closes at or above its initial level on Aug. 8, 2022.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the index return.
The payout will be par if the final level of the index is less than its initial level but greater than or equal to the 80% barrier level. Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable barrier securities
|
| Underlying funds: | MSCI World Dividend Growers Quality Select index
|
| Amount: | $1,135,000
|
| Maturity: | Aug. 2, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 1.25 times the index return; par if final level of index is less than initial level but greater than or equal to barrier level; otherwise, full exposure to index decline from initial level
|
| Call: | At par plus 10.2% call premium if index closes at or above its initial level on Aug. 8, 2022
|
| Initial level: | 2,533.5
|
| Barrier level: | 2,026.8; 80% of initial level
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
|
|
| Cusip: | 17329QJV3
|
|
|
© 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.
