By Wendy Van Sickle
Columbus, Ohio, May 28 – Citigroup Global Markets Holdings Inc. priced $1.28 million of autocallable contingent coupon equity-linked securities due May 30, 2024 linked to the least performing of the common stocks of Advanced Micro Devices, Inc. and salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the rate of 14% per year if the least-performing stock closes at or above its coupon barrier value, 50% of its initial share price, on the valuation date for that quarter.
After one year, the notes will be automatically called at par if the least-performing stock closes at or above its initial price on any quarterly valuation date.
The payout at maturity will be par unless the least-performing stock finishes below its final barrier value, 50% of its initial share price, in which case investors will be fully exposed to the decline of the lesser-performing stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stocks: | Advanced Micro Devices Inc. and salesforce.com, inc.
|
| Amount: | $1,276,000
|
| Maturity: | May 30, 2024
|
| Coupon: | 14% per year, payable quarterly if least-performing stock closes at or above coupon barrier value on valuation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless least-performing stock finishes below final barrier value, in which full exposure to decline of lesser-performing stock
|
| Call: | Automatically at par if the least-performing stock closes at or above its initial price on any quarterly valuation date after one year
|
| Initial share prices: | $55.17 for Advanced Micro Devices, $96.02 for salesforce.com
|
| Coupon barriers: | $27.585 for Advanced Micro Devices, $88.925 for salesforce.com, or 50% of initial share prices
|
| Barrier values: | $27.585 for Advanced Micro Devices, $88.925 for salesforce.com, or 50% of initial share prices
|
| Pricing date: | May 22
|
| Settlement date: | June 1
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17328VSK7
|
|
|
© 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.
