New York, March 5 – Citigroup Global Markets Holdings Inc. priced $1.25 million of autocallable contingent coupon equity linked securities due Feb. 11, 2027 linked to the Energy Select Sector SPDR Fund and SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.3% paid quarterly if the worst performing ETF closes at or above its 55% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically starting Feb. 6, 2025 if the price of the worst performing ETF is greater than or equal to its initial price on any quarterly valuation date.
If the worst performing ETF finishes at or above its 55% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing ETF declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable contingent coupon equity linked securities
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Underlying ETFs: | Energy Select Sector SPDR Fund and SPDR S&P Biotech ETF
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Amount: | $1.25 million
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Maturity: | Feb. 11, 2027
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Coupon: | 9.3% paid quarterly if the worst performing ETF closes at or above its 55% coupon barrier on the related valuation date, plus any previously unpaid coupons
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Price: | Par
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Payout at maturity: | If worst performing ETF finishes at or above final barrier par; 1% loss for every 1% that worst performing ETF declines if it ends below final barrier
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Call: | Automatically starting Feb. 6, 2025 if the price of the worst performing ETF is greater than or equal to its initial price on any quarterly valuation date
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Initial levels: | $83.58 for Energy Select Sector SPDR Fund, $89.76 for SPDR S&P Biotech ETF
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Coupon barriers: | $45.969 for Energy Select Sector SPDR Fund, $49.368 for SPDR S&P Biotech ETF, 55% of initial levels
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Final barriers: | $45.969 for Energy Select Sector SPDR Fund, $49.368 for SPDR S&P Biotech ETF, 55% of initial levels
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Pricing date: | Feb. 6
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Settlement date: | Feb. 9
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.75%
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Cusip: | 17291LFX8
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