New York, Aug. 23 – Citigroup Global Markets Holdings Inc. priced $1.1 million of autocallable contingent coupon equity linked securities due Aug. 20, 2026 linked to the common stocks of Charles Schwab Corp. and UnitedHealth Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.45%, paid monthly, if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing price of the worst performing stock is greater than or equal to its initial price on any monthly valuation date starting Aug. 16, 2024.
If the worst performing stock finishes at or above its 60% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the worst performing 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 stocks: | Charles Schwab Corp. and UnitedHealth Group Inc.
|
| Amount: | $1.1 million
|
| Maturity: | Aug. 20, 2026
|
| Coupon: | 11.45%, paid monthly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing stock finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing stock declines from initial level
|
| Call: | Automatically at par if the closing price of the worst performing stock is greater than or equal to its initial price on any monthly valuation date starting Aug. 16, 2024
|
| Initial levels: | $60.45 for Charles Schwab Corp., $503.56 for UnitedHealth Group Inc.
|
| Coupon barriers: | $36.270 for Charles Schwab Corp., $302.136 for UnitedHealth Group Inc., 60% of initial levels
|
| Final barriers: | $36.270 for Charles Schwab Corp., $302.136 for UnitedHealth Group Inc., 60% of initial levels
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.75%
|
| Cusip: | 17291Q3J1
|
|
|
|
|
© 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.
