By Wendy Van Sickle
Columbus, Ohio, July 29 – Citigroup Global Markets Holdings Inc. priced $1.58 million of annual reset coupon securities due July 29, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable annually. If the index return is at least zero, the coupon will be 4.5%. If the index return is negative, the coupon will be 3%.
The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Annual reset coupon securities
|
Underlying index: | Russell 2000
|
Amount: | $1.58 million
|
Maturity: | July 29, 2021
|
Coupon: | 4.5% if index return is zero or positive; otherwise, 3%; payable annually
|
Price: | Par
|
Payout at maturity: | Par unless final index level is less than buffer level, in which case 1% loss for every 1% drop beyond 15%
|
Initial level: | 1,216.859
|
Buffer level: | 1,034.330, 85% of initial level
|
Pricing date: | July 26
|
Settlement date: | July 29
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 3.75%
|
Cusip: | 17324C6R2
|
|
© 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.