New York, June 30 – Citigroup Global Markets Holdings Inc. priced $8.2 million of contingent income autocallable securities due June 27, 2024 linked to the common stock of Uber Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.35%, paid quarterly, if the underlying stock closes at or above its 55% downside threshold on the related quarterly observation date.
The securities will be called automatically at par if the stock closes at or above its initial level on any quarterly determination date.
At maturity, the payout will be par unless the stock finishes below its 55% downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Uber Technologies, Inc.
|
| Amount: | $8,195,000
|
| Maturity: | June 27, 2024
|
| Coupon: | 12.35%, paid quarterly, if the underlying stock closes at or above its 55% downside threshold on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
|
| Call: | Automatically at par if the stock closes at or above its initial level on any quarterly determination date
|
| Initial level: | $43.34
|
| Downside threshold: | $23.837, 55% of initial level
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 1.75% including a structuring fee of 0.5%
|
| Cusip: | 17291RES7
|
|
|
© 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.
