By William Gullotti
Buffalo, N.Y., May 12 – Citigroup Global Markets Holdings Inc. priced $3.57 million of 0% jump securities with autocallable feature due May 11, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 7.5% per year if the index closes at or above its initial level on any quarterly valuation date after one year.
If the index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 45%.
Otherwise, investors will be fully exposed to any index decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Jump securities with autocallable feature
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,573,500
|
| Maturity: | May 11, 2028
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index’s final level is greater than or equal to the initial level, par plus 45%; otherwise, 1% loss for every 1% that the index declines from its initial level
|
| Call: | Automatically at par plus 7.5% per year if index closes at or above initial level on any quarterly valuation date after one year
|
| Initial level: | 4,123.34
|
| Pricing date: | May 6
|
| Settlement date: | May 11
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 17330M593
|
|
|
|
|
© 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.
