By Angela McDaniels
Tacoma, Wash., May 26 – Citigroup Global Markets Holdings Inc. priced $2.18 million of 9% single observation Equity LinKed Securities due May 30, 2018 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
The payout at maturity will be par unless the stock finishes below the downside threshold price, 77.5% of the initial share price, in which case the payout will be a number of Nvidia shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Single observation Equity LinKed Securities
|
| Underlying stock: | Nvidia Corp. (Nasdaq: NVDA)
|
| Amount: | $2,179,000
|
| Maturity: | May 30, 2018
|
| Coupon: | 9%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If stock finishes below downside threshold price, 7.21657 Nvidia shares; otherwise, par in cash
|
| Initial share price: | $138.57
|
| Trigger price: | $107.392, 77.5% of initial level
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17324XBW9
|
© 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.
