By Wendy Van Sickle
Columbus, Ohio, Nov. 4 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% autocallable securities due Nov. 2, 2029 linked to the shares of the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus 11% a year if the shares close at or above their initial level on any annual call observation date.
If the notes are not called, investors will lose 1% for each 1% decline of the fund.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying fund: | Financial Select Sector SPDR fund
|
| Amount: | $10 million
|
| Maturity: | Nov. 2, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are note called, full exposure to any decline of fund
|
| Call: | Automatically at par plus 11% a year if fund closes at or above its initial level on any annual call date
|
| Initial level: | $28.86
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17324XUG3
|
|
|
© 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.
