By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – Citigroup Global Markets Holdings Inc. priced $2.04 million of 0% bearish autocallable securities due Jan. 3, 2025 linked to the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called automatically at par plus an annualized call premium of 18% if the ETF closes at or below its initial level on any monthly call date after three months.
If the notes are not called and the final level of the ETF is less than or equal to its initial level, the payout at maturity will be par plus 18%.
If the ETF gains up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% increase of the ETF from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Bearish autocallable securities
|
| Underlying ETF: | Invesco QQQ Trust, series 1
|
| Amount: | $2.04 million
|
| Maturity: | Jan. 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the final level of the ETF is less than or equal to initial level, par plus 18%; if the ETF gains up to trigger level, par; otherwise, investors will lose 1% for every 1% increase of the ETF from its initial level
|
| Call: | Automatically at par plus 18% if the ETF closes at or below initial level on any monthly call date after three months
|
| Initial level: | $411.30
|
| Trigger level: | $493.56; 120% of initial level
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17291TMG0
|
|
|
|
|
© 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.
