New Issue: Citi prices $20.55 million trigger callable contingent yield notes on three indexes

By William Gullotti

Buffalo, N.Y., June 21 – Citigroup Global Markets Holdings Inc. priced $20.55 million of trigger callable contingent yield notes with daily coupon observation due Sept. 18, 2025 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 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 11.18% if each index closes at or above its coupon barrier level, 60% 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, 50% 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:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$20,552,100
Maturity:	Sept. 18, 2025
Coupon:	11.18% 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:	1,707.829 for Russell, 3,735.48 for S&P, 11,311.69 for Nasdaq
Coupon barrier levels:	1,024.697 for Russell, 2,241.29 for S&P, 6,787.01 for Nasdaq; 60% of initial levels
Knock-in levels:	853.915 for Russell, 1,867.74 for S&P, 5,655.85 for Nasdaq; 50% of initial levels
Pricing date:	June 14
Settlement date:	June 17
Agents:	UBS Financial Services Inc. and Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17330N203

© 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.