New Issue: Citigroup sells $780,000 autocallable securities on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, April 4 – Citigroup Global Markets Holdings Inc. priced $780,000 of 0% autocallable securities due April 1, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will be called at par plus an annual premium of 6.25% if each index closes at or above its initial level on any annual observation date.

If the notes are not called, the payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable securities
Underlying indexes:	Russell 2000, S&P 500
Amount:	$780,000
Maturity:	April 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index finishes below its trigger level, in which case 1% loss for each 1% decline of the worst performing index from its initial level
Call:	Automatically at par plus an annual premium of 6.25% if each index closes at or above its initial level on any annual observation date
Initial levels:	2,818.46 for S&P, 1,528.166 for Russell
Trigger levels:	1,691.076 for S&P, 916.9 for Russell, 60% of initial levels
Pricing date:	March 26
Settlement date:	March 29
Agent:	Citigroup Global Markets Inc.
Fees:	4.125%
Cusip:	17326YMS2

© 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.