By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $2.65 million of 0% autocallable barrier securities due Feb. 5, 2027 linked to the Euro Stoxx 50 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 a call premium of 30% if the index closes at or above 110% of its initial level on Feb. 2, 2024.
If the index return is positive, the payout at maturity will be par plus 213.25% of the index return. The payout will be par if the final index level is less than the initial index level but greater than or equal to the barrier level, 70% of the initial level. If the index finishes below the barrier level, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Global Markets Inc.
|
| Issue: | Autocallable barrier securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,645,000
|
| Maturity: | Feb. 5, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 213.25% of index return; par if final index level is less than initial index level but greater than or equal to barrier level; full exposure to decline if index finishes below barrier level
|
| Call: | At par plus call premium of 30% if index closes at or above 110% of initial level on Feb. 2, 2024
|
| Initial index level: | 4,222.05
|
| Barrier level: | 2,955.435; 70% of initial level
|
| Pricing date: | Feb. 2
|
| Settlement date: | Feb. 7
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17330AG22
|
|
|
© 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.
