Chicago, Dec. 27 – Citigroup Global Markets Holdings Inc. priced $509,000 of autocallable contingent coupon equity-linked securities due June 1, 2020 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Each quarter, the notes pay a contingent coupon if each index closes at or above its coupon barrier, 70% of its initial level, on the valuation date for that quarter. The contingent coupon rate is 6.75% per year.
The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date.
If the notes are not called and each index finishes at or above its initial level, investors will receive par.
If the worst performing index is below its initial level and neither index has closed below its 70% knock-in value on any trading day while the notes are under observation, investors will receive par. If the worst performing index finishes below its initial value and either index has closed below its 70% knock-in value during the life of the notes, investors will be exposed to the losses of the worst performing index.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $509,000
|
| Maturity: | June 1, 2020
|
| Coupon: | 6.75% per year, payable quarterly if each index closes at or above its coupon barrier on the valuation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level or either finishes below its initial level but neither close below its 70% knock-in value at any point, par; otherwise, full exposure to the losses of the worst performing index
|
| Call: | At par plus the coupon if each index closes above its initial level on a quarterly observation date
|
| Initial levels: | 2,682.17 for S&P 500 and 1,492.855 for Russell 2000
|
| Coupon barriers: | 1,877.519 for S&P 500 and 1,044.999 for Russell 2000
|
| Knock-in values: | 1,877.519 for S&P 500 and 1,044.999 for Russell 2000
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agents: | Citigroup Global Markets Inc.
|
| Fees: | 2.375%
|
| Cusip: | 17326YEG7
|
|
|
© 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.
