By Kiku Steinfeld
Chicago, Oct. 6 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% autocallable securities due Feb. 21, 2025 tied to the worst performing of the iShares Russell 2000 Value ETF and the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Citigroup will call the notes at par plus 11.5% per year if the closing level of each asset is greater than or equal to its initial level on any annual call date.
If each asset finishes at or above its initial index level, the payout at maturity will be par plus 34.5%.
Investors will receive par if the final level of any asset is less than its initial level but each asset finishes at or above the trigger level, 70% of its initial level.
Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | iShares Russell 2000 Value ETF and S&P 500 Value index
|
| Amount: | $500,000
|
| Maturity: | Feb. 21, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 34.5% if each asset finishes at or above initial level; par if either asset finishes below initial level, but each asset finishes at or above trigger level; otherwise, investors will be fully exposed to decline of least performing asset
|
| Call: | Par plus 11.5% per year if the closing level of each asset is greater than or equal to its initial level on any annual call date
|
| Initial levels: | $159.72 for ETF, 1,520.23 for index
|
| Barrier levels: | $111.804 for ETF, 1,064.161 for index; 70% of initial levels
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 18
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17330AET5
|
|
|
© 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.
