By William Gullotti
Buffalo, N.Y., March 29 – Citigroup Global Markets Holdings Inc. priced $2.85 million of 7.5% annualized single observation Equity LinKed Securities due March 29, 2023 linked to the shares of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final price is less than 74% of the initial price, in which case the payout will be a number of shares equal to $1,000 divided by the initial share price.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Single observation Equity LinKed Securities
|
| Underlying stock: | Bank of America Corp.
|
| Amount: | $2,845,000
|
| Maturity: | March 29, 2023
|
| Coupon: | 7.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than 74% of initial price, in which case investors will receive 23.21802 shares
|
| Initial share price: | $43.07
|
| Downside threshold: | $31.872; 74% of initial level
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17328N3R7
|
|
|
© 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.
