By Wendy Van Sickle
Columbus, Ohio, April 27 – Citigroup Global Markets Holdings Inc. priced $1 million of 19.5% autocallable equity-linked securities due April 26, 2023 tied to the stock performance of Nordstrom, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes will be automatically redeemed at par plus the coupon if the stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless the stock finishes below its final barrier value, 79% of its initial value, in which case investors will receive 359.58288 Nordstrom shares.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Autocallable equity-linked securities
|
Underlying stock: | Nordstrom, Inc.
|
Amount: | $1 million
|
Maturity: | April 26, 2023
|
Coupon: | 19.5%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par unless the stock finishes below final barrier value, in which case 359.58288 Nordstrom shares
|
Call: | At par plus interest if the stock closes at or above its initial level on any quarterly observation date after six months
|
Initial value: | $27.81
|
Final barrier value: | $19.467; 79% of initial value
|
Pricing date: | April 21
|
Settlement date: | April 26
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 1%
|
Cusip: | 17330DAQ9
|
|
© 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.