By Emma Trincal
New York, Jan. 10 – Citigroup Global Markets Holdings Inc. priced $9.21 million of autocallable contingent coupon equity-linked securities due Jan. 6, 2025 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annualized rate of 11.1% if the ETF closes at or above the coupon barrier price, 80% of the initial price, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the ETF closes at or above the initial share price on any quarterly valuation date.
The payout at maturity will be par plus the final coupon unless the ETF finishes below its 80% final barrier level, in which case investors will lose 1% for each 1% decline from the initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | Energy Select Sector SPDR fund
|
| Amount: | $9,205,000
|
| Maturity: | Jan. 6, 2025
|
| Coupon: | 11.1% annually, payable quarterly, if ETF closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final share price is greater than or equal to final barrier price, par plus final coupon; otherwise, full downside exposure to the ETF decline
|
| Call: | Automatically at par plus contingent coupon if ETF closes at or above initial level on any quarterly valuation date
|
| Initial share price: | $55.50
|
| Coupon barrier price: | $44.40; 80% of initial level
|
| Final barrier price: | $44.40; 80% of initial level
|
| Pricing date: | Dec. 31
|
| Settlement date: | Jan. 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17329UTF8
|
© 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.
