By Wendy Van Sickle
Columbus, Ohio, June 28 – Citigroup Global Markets Holdings Inc. priced $4.03 million of autocallable contingent coupon equity linked securities due Dec. 31, 2019 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 8% if the underlying stock closes at or above its 78% coupon barrier on the observation date for that quarter.
The notes will be called if the stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless the stock finishes below its 78% downside threshold, in which case investors will receive a number of shares equal to par of $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity linked securities
|
| Underlying assets: | Facebook, Inc.
|
| Amount: | $4,027,000
|
| Maturity: | Dec. 31, 2019
|
| Coupon: | 8% annualized, payable quarterly if stock closes at or above 78% coupon barrier on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless stock closes below 78% knock-in level, in which case 5.09295 Facebook shares
|
| Call: | At par if asset closes at or above its initial level on any review date
|
| Initial level: | $196.35
|
| Barrier level: | $153.153, 78% of initial level
|
| Pricing date: | June 20
|
| Settlement date: | June 25
|
| Agents: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17324XEY2
|
|
|
© 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.
