By William Gullotti
Buffalo, N.Y., Jan. 30 – Citigroup Global Markets Holdings Inc. priced $5.86 million of equity-linked securities due July 30, 2024 tied to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 7.42% per year, payable monthly.
If the index finishes at or above 80% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Equity-linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $5.86 million
|
| Maturity: | July 30, 2024
|
| Coupon: | 7.42% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above threshold, par; otherwise, lose 1.25% for every 1% decline beyond 20%
|
| Initial level: | 4,016.95
|
| Threshold level: | 3,213.56; 80% of initial level
|
| Strike date: | Jan. 24
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17331CAA5
|
|
|
© 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.
