New Issue: Citigroup prices $9.24 million trigger callable contingent yield notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, Sept. 25 – Citigroup Global Markets Holdings Inc. priced $9.24 million of trigger callable contingent yield notes with daily coupon observation due June 25, 2026 linked to the worst performing of the Euro Stoxx 50 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 10.41% if each index closes at or above its coupon barrier level, 70% of its initial level, on each trading day during the observation period.

The notes will be callable at par of $10 plus any coupon otherwise due on any quarterly observation date other than the final.

If the notes are not called and each index finishes at or above its downside threshold level, 60% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the least-performing index from its initial level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is the selling agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Trigger callable contingent yield notes with daily coupon observation
Underlying indexes:	Euro Stoxx 50 index, Nasdaq-100 index, S&P 500 index
Amount:	$9,238,850
Maturity:	June 25, 2026
Coupon:	10.41% per year, payable quarterly if each index closes at or above its coupon barrier level on each trading day during the observation period
Price:	Par of $10
Payout at maturity:	Par unless any index finishes below downside threshold level, in which case 1% loss for every 1% decline of worst performing index from initial level
Call option:	At par plus any coupon due on any quarterly observation date other than final one
Initial levels:	14,969.92 for Nasdaq, 4,402.2 for S&P, 4,275.89 for Stoxx
Coupon barrier levels:	10,478.94 for Nasdaq, 3,081.54 for S&P, 2,993.19 for Stoxx; 70% of initial levels
Knock-in levels:	8,981.95 for Nasdaq, 2,641.32 for S&P, 2,565.59 for Stoxx; 60% of initial levels
Pricing date:	Sept. 20
Settlement date:	Sept. 25
Agents:	UBS Financial Services Inc. and Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17331M600

© 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.