New Issue: Citigroup sells $3 million 9.5% equity-linked securities on Amazon, Intel, BofA

By Wendy Van Sickle

Columbus, Ohio, Dec. 30 – Citigroup Global Markets Holdings Inc. priced $3 million of equity-linked securities due Dec. 27, 2023 tied to the least performing of the shares of Amazon.com, Inc., Intel Corp. and Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 9.5% per year, payable monthly.

If each stock finishes at or above 65% of its initial level, the payout at maturity will be par plus the final fixed coupon. Otherwise, investors will be fully exposed to the losses of the worst performer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying stocks:	Amazon.com, Inc., Intel Corp. and Bank of America Corp.
Amount:	$3 million
Maturity:	Dec. 27, 2023
Coupon:	9.5% annual rate, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier, par plus final fixed coupon; otherwise, full exposure to losses of worst performer
Initial levels:	$3,341.58 for Amazon, $49.60 for Intel, $43.16 for BofA
Barrier levels:	$2,172.027 for Amazon, $32.24 for Intel, $28.054 for BofA, 65% of initial levels
Strike date:	Dec. 20
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17329UT35

© 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.