By Susanna Moon
Chicago, Jan. 26 – Citigroup Global Markets Holdings Inc. priced $1.5 million of autocallable contingent coupon equity-linked securities due Jan. 24, 2028 linked to the least performing of the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 8.01% if each underlying component closes at or above its 61.5% coupon barrier on the valuation date for that month.
The notes will be called at par plus the contingent coupon if each component closes at or above its initial level on any valuation date.
The payout at maturity will be par unless any component finishes below its 61.5% barrier level, in which case investors will be fully exposed any losses of the worst performing index or fund.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying assets: | Russell 2000 index, Euro Stoxx 50 index and SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $1,503,000
|
| Maturity: | Jan. 24, 2028
|
| Coupon: | 8.01% annualized, payable monthly if each index closes at or above 61.5% coupon barrier on valuation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless any component finishes below barrier; otherwise, full exposure to any losses of worst performing index or fund
|
| Call: | At par plus contingent coupon if each component closes at or above initial level on any quarterly valuation date beginning July 2018
|
| Initial levels: | $38.72 for fund, 1,597.628 for Russell and 3,649.07 for Stoxx
|
| Barrier levels: | $23.81 for fund, 982.541 for Russell and 2,244.18 for Stoxx; 61.5% of initial levels
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.6%
|
| Cusip: | 17324CQU3
|
|
|
|
|
© 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.
