New Issue: Citi sells $10.08 million trigger callable contingent yield notes on MSCI, Russell, S&P

By Taylor Fox

New York, Oct. 26 – Citigroup Global Markets Holdings Inc. priced $10.08 million of trigger callable contingent yield notes due Sept. 30, 2027 linked to the least performing of the MSCI Emerging Markets index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at a rate of 8.05% per year if each index closes at or above its coupon barrier, 70% of its initial level, on the related valuation date.

The notes are callable at par of $10 plus any coupon due on any quarterly valuation date after six months.

If the notes are not called and each index finishes at or above its downside threshold, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index final level is below 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
Underlying indexes:	MSCI Emerging Markets index, the Russell 2000 index and the S&P 500 index
Amount:	$10,084,000
Maturity:	Sept. 30, 2027
Coupon:	8.05% per year, payable quarterly if each index closes at or above its coupon barrier related valuation date
Price:	Par of $10
Payout at maturity:	If each index finishes at or above downside threshold, par; otherwise, 1% loss for every 1% that least-performing index final level is below initial level
Call option:	At par plus any coupon due on any quarterly valuation date after six months
Initial levels:	1,059.10 for MSCI, 1,474.908 for Russell and 3,298.46 for S&P
Coupon barriers:	741.37 for MSCI, 1,032.436 for Russell and 2,308.92 for S&P, or 70% of initial levels
Downside thresholds:	529.55 for MSCI, 737.454 for Russell and 1,649.23 for S&P, or 50% of initial levels
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Underwriter:	Citigroup Global Markets Inc.
Selling agent:	UBS Financial Services Inc.
Fees:	2.25%
Cusip:	17328L383

© 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.