By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – Citigroup Global Markets Holdings Inc. priced $1.82 million of 0% market-linked autocallable securities with contingent downside due Aug. 5, 2024 linked to the VanEck Vectors Gold Miners ETF and the iShares Silver trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par plus an annualized call premium of 14.5% if each ETF closes at or above its initial level on any annual call date.
If the notes are not called, the payout at maturity will be par unless the worst performer falls by more than 30%, in which case investors lose 1% for every 1% decline of that ETF from its initial level.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Market-linked autocallable securities with contingent downside
|
Underlying ETFs: | iShares Silver trust, VanEck Vectors Gold Miners ETF
|
Amount: | $1,823,000
|
Maturity: | Aug. 5, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus final coupon unless the worst performer falls by more than 30%, in which case full exposure to decline of that ETF from its initial level
|
Call: | Automatically at par plus an annualized call premium of 14.5% if each ETF closes at or above initial level on any annual call date
|
Initial levels: | $23.72 for iShares Silver, $35.07 for Gold Miners
|
Threshold levels: | $16.604 for iShares Silver, $24.549 for Gold Miners; 70% of initial level
|
Pricing date: | July 29
|
Settlement date: | Aug. 3
|
Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
|
Fees: | 2.425%
|
Cusip: | 17329QXC9
|
|
|
© 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.