By Wendy Van Sickle
Columbus, Ohio, June 9 – Citigroup Global Markets Holdings Inc. priced $4.44 million of autocallable contingent coupon equity-linked securities due June 3, 2022 linked to the least performing of the Financial Select Sector SPDR fund, the Health Care Select Sector SPDR fund and the VanEck Vectors Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 15% if each underlying fund closes at or above its 69.4% coupon barrier on the related quarterly observation date.
The notes will be called at par if each fund closes at or above its initial level on any quarterly call observation date.
The payout at maturity will be par unless any underlier finishes below its 69.4% final barrier value, in which case investors will be fully exposed to the decline of the least-performing fund.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying funds: | Financial Select Sector SPDR fund, Health Care Select Sector SPDR fund and VanEck Vectors Semiconductor ETF
|
| Amount: | $4,439,000
|
| Maturity: | June 3, 2022
|
| Coupon: | 11% annualized, payable quarterly if each fund closes at or above coupon barrier on related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless any fund finishes below final barrier, in which case full exposure to decline of least-performing fund
|
| Call: | At par if each fund closes at or above initial level on any quarterly call observation date
|
| Initial values: | $23.41 for Financial, $103.01 for Health Care, $141.03 for VanEck
|
| Coupon barriers: | $16.247 for Financial, $71.489 for Health Care, $97.875 for VanEck; 69.4% of initial values
|
| Final barrier values: | $16.247 for Financial, $71.489 for Health Care, $97.875 for VanEck; 69.4% of initial values
|
| Pricing date: | May 29
|
| Settlement date: | June 4
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
| Cusip: | 17328VUN8
|
|
|
© 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.
