By William Gullotti
Buffalo, N.Y., Sept. 17 – Citigroup Global Markets Holdings Inc. priced $6.44 million of 0% autocallable securities due Sept. 15, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index closes at or above of its initial level on any quarterly valuation date after one year, the notes will be called at par plus an annualized call premium of 7.2% per year.
If the index finishes at or above its initial level, the payout at maturity will be par plus 36%.
If the index declines by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% decline of the index beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $6,435,000
|
| Maturity: | Sept. 15, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 36%; if the index declines up to 20%, par; otherwise, investors will lose 1.25% for each 1% decline below the buffer
|
| Call: | If index closes at or above its initial level on any quarterly valuation date after one year, at par plus an annualized call premium of 7.2% per year
|
| Initial level: | 4,458.58
|
| Buffer level: | 3,566.864; 80% of initial level
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17329QNR7
|
|
|
© 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.
