E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/20/2019 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $63.25 million equity-linked notes on Exxon Mobil

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Citigroup Global Markets Holdings Inc. priced $63.25 million of 0.17% equity-linked notes due Dec. 23, 2026 linked to the common stock of Exxon Mobil Corp., according to 424B2 filings with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest is payable monthly.

The payout at maturity will be the greater of par or the alternative settlement amount, which is $1,000 multiplied by (a) the final share price divided by (b) the threshold price.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Equity-linked notes
Underlying stock:Exxon Mobil Corp.
Amount:$63.25 million
Maturity:Dec. 23, 2026
Coupon:0.17%, payable monthly
Price:Par
Payout at maturity:Greater of par or alternative settlement amount, which is $1,000 multiplied by (a) the final share price divided by (b) the threshold price
Initial share price:$70.0588
Pricing date:Dec. 16
Settlement date:Dec. 20
Underwriter:Citigroup Global Markets Inc.
Fees:None
Cusip:17327TV86

© 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.