By Wendy Van Sickle
Columbus, Ohio, June 21 – Citigroup Global Markets Holdings Inc. priced $50 million of 0% equity-linked notes due June 17, 2027 linked to the common stock of PPG Industries, Inc., according to 424B2 filings with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be the greater of par and the alternative settlement amount. The alternative settlement amount is par times the final share price divided by the threshold price, 130.2% of the initial price.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Equity-linked notes
|
Underlying stock: | PPG Industries, Inc.
|
Amount: | $50 million
|
Maturity: | June 17, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Greater of (i) par and (ii) par times the final share price divided by the threshold price
|
Initial price: | $111.0182 (not the VWAP or closing price of the stock on the pricing date)
|
Threshold price: | $144.5457, 130.2% of initial price
|
Final price: | VWAP of the stock on June 14, 2027
|
Pricing date: | June 14
|
Settlement date: | June 17
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | None
|
Cusip: | 17330F5U1
|
|
© 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.