New York, March 19 – Citigroup Global Markets Holdings Inc. priced $2.49 million of autocallable contingent coupon equity-linked securities due March 12, 2021 linked to the class A common stock of Facebook, Inc. and the common stocks of Halliburton Co. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 17% if each stock closes at or above its 65% coupon barrier on the observation date for that quarter.
After six months, the notes will be automatically called at par if each stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless either stock finishes below its 65% final barrier level, in which case the payout will be par plus the return of the worse performing stock with full exposure to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying assets: | Class A common stock of Facebook, Inc. and the common stocks of Halliburton Co. and Nvidia Corp.
|
| Amount: | $2,491,000
|
| Maturity: | March 12, 2021
|
| Coupon: | 17% annualized, payable quarterly if each stock closes at or above its 65% coupon barrier on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock finishes below final barrier, in which case par plus return of worse performing stock
|
| Call: | After six months at par if each stock closes at or above its initial price on any quarterly call observation date
|
| Initial levels: | $185.23 for Facebook, $46.99 for Halliburton, $245.33 for Nvidia
|
| Coupon barrier levels: | $120.40 for Facebook, $30.544 for Halliburton, $159.465 for Nvidia; 65% of initial levels
|
| Final barrier levels: | $120.40 for Facebook, $30.544 for Halliburton, $159.465 for Nvidia; 65% of initial levels
|
| Pricing date: | March 9
|
| Settlement date: | March 14
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.75%
|
| Cusip: | 17324CSQ0
|
|
|
© 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.
