By Kiku Steinfeld
Chicago, Sept. 21 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due Sept. 15, 2022 tied to the least performing of the shares of International Paper Co. and McDonald's Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 7.15% per year, payable monthly.
If the final level of each asset is at least as great as 60% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% loss of the worst-performing asset.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Equity-linked securities
|
Underlying assets: | McDonald's Corp. and International Paper Co.
|
Amount: | $1 million
|
Maturity: | Sept. 15, 2022
|
Coupon: | 7.15%, payable monthly
|
Price: | Par
|
Payout at maturity: | If the final level of each asset is at least as great as 60% of its initial level, par; otherwise, investors will lose 1% for each 1% loss of the worst-performing asset
|
Initial levels: | $38.29 for International Paper and $215.71 for McDonald’s
|
Buffer levels: | $22.974 for International Paper and $129.426 for McDonald’s, 60% of initial levels
|
Pricing date: | Sept. 10
|
Settlement date: | Sept. 15
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.4%
|
Cusip: | 17328WFA1
|
© 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.