By Tali Rackner
Minneapolis, May 31 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable equity-linked securities due May 28, 2019 tied to the class A common stock of Square, Inc. and the common stock of Xilinx Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 12.05% per year, payable monthly.
The notes will be automatically redeemed at par plus interest if each stock closes at or above its initial price on any monthly observation date beginning in August.
If the notes are not called and the final price of each stock is at least 70% of its initial price, the payout at maturity will be par. Otherwise, the payout will be the final share price of the lesser-performing stock multiplied by its equity ratio or, at the issuers option, the cash value.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable equity-linked securities
|
| Underlying stocks: | Square Inc., Xilinx, Inc.
|
| Amount: | $500,000
|
| Maturity: | May 28, 2019
|
| Coupon: | 12.05%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if each stock’s final price is at least 70% of initial price; otherwise, final share price of the lesser-performing stock multiplied by its equity ratio
|
| Call: | At par plus interest if each stock closes at or above initial price on any monthly observation date beginning in August
|
| Initial prices: | $54.63 for Square, $71.67 for Xilinx
|
| Downside thresholds: | $38.241 for Square, $50.169 for Xilinx; 70% of initial prices
|
| Equity ratios: | 18.30496 for Square, 13.95284 for Xilinx
|
| Pricing date: | May 22
|
| Settlement date: | May 25
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.875%
|
| Cusip: | 17324XDR8
|
|
|
|
|
© 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.
