Chicago, July 28 – Citigroup Global Markets Holdings Inc. priced $3.37 million of autocallable contingent coupon equity-linked securities due Aug. 26, 2024 linked to the common stock of Albemarle Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 19.5% paid monthly if the stock closes at or above its 71% coupon barrier on the related valuation date.
The securities will be called automatically starting Jan. 26, 2024 if the level of the stock is greater than or equal to its initial level and on any subsequent monthly valuation date.
If the stock finishes at or above its 71% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | Albemarle Corp.
|
| Amount: | $3,366,000
|
| Maturity: | Aug. 26, 2024
|
| Coupon: | 19.5% annual rate, paid monthly if the stock closes at or above its 71% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
|
| Call: | Automatically starting Jan. 26, 2024 if the level of the stock is greater than or equal to its initial level and on any subsequent monthly valuation date
|
| Initial level: | $215.99
|
| Coupon barrier: | $153.353, 71% of initial level
|
| Final barrier: | $153.353, 71% of initial level
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.65%
|
| Cusip: | 17291RNM0
|
|
|
© 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.
