By Marisa Wong
Morgantown, W.Va., March 19 – Citigroup Global Markets Holdings Inc. priced $4.18 million of 10.25% single observation Equity LinKed Securities due March 9, 2020 linked to Qualcomm Inc. shares, 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 in cash unless the stock finishes below the initial price and closes below the downside threshold level, 70% of the initial share price, on any day during the life of the notes, in which case the payout will be a number of Qualcomm 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: | Qualcomm Inc. (Nasdaq: QCOM)
|
| Amount: | $4,184,000
|
| Maturity: | March 9, 2020
|
| Coupon: | 10.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If stock finishes below initial price and closes below downside threshold on any day during life of notes, 18.45018 Qualcomm shares; otherwise, par in cash
|
| Initial price: | $54.20
|
| Downside threshold: | $37.940, 70% of initial price
|
| Strike date: | March 1
|
| Pricing date: | March 4
|
| Settlement date: | March 7
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17324XJP6
|
|
|
© 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.
