By Wendy Van Sickle
Columbus, Ohio, Feb. 23 – Citigroup Global Markets Holdings Inc. priced $5.78 million of autocallable securities due Feb. 24, 2021 linked to the worse performing of the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual upside premium of 11.5% if each underlying component closes at or above its initial level on any of the first three valuation dates.
If each underlying component finishes above its initial level, the payout at maturity will be par plus the upside premium.
If either component falls but finishes at or above its 60% trigger level, the payout will be par plus the contingent downside premium of 10%.
Otherwise, investors will be fully exposed to any losses of the lesser performing asset.
Citigroup Global Markets Inc. is the agent.
The notes will be guaranteed by Citigroup Inc.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Russell 2000 index and iShares MSCI Emerging Markets exchange-traded fund
|
| Amount: | $5,775,000
|
| Maturity: | Feb. 24, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 46% if each asset finishes at or above initial level; par plus 10% if either asset falls but not by more than 40%; full exposure to loss of lesser performing asset if either asset falls by more than 40%
|
| Call: | At par plus 11.5% a year if each underlying component closes at or above its initial level on any of first three valuation dates
|
| Initial levels: | 1,399.862 for index, $38.39 for ETF
|
| Downside thresholds: | 839.917 for index, $23.034 for ETF, 60% of initial levels
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 27
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.15%
|
| Cusip: | 17324CEL6
|
|
|
© 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.
