New York, April 10 – Citigroup Global Markets Holdings Inc. priced $1.63 million of autocallable contingent coupon equity linked securities due May 3, 2024 linked to the VanEck Vectors Gold Miners ETF and the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.4% per year, paid quarterly, if the worst performing ETF closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any quarterly valuation date starting July 31, 2023.
If the worst performing ETF finishes at or above its 60% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the worst performing ETF declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity linked securities
|
| Underlying ETFs: | VanEck Vectors Gold Miners ETF and VanEck Vectors Junior Gold Miners ETF
|
| Amount: | $1.63 million
|
| Maturity: | May 3, 2024
|
| Coupon: | 12.4%, paid quarterly if the worst performing ETF closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing ETF finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
|
| Call: | Automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any quarterly valuation date starting July 31, 2023
|
| Initial levels: | $32.02 for VanEck Vectors Gold Miners ETF, $38.95 for VanEck Vectors Junior Gold Miners ETF
|
| Coupon barriers: | $19.212 for VanEck Vectors Gold Miners ETF, $23.370 for VanEck Vectors Junior Gold Miners ETF, 60% of initial levels
|
| Final barriers: | $19.212 for VanEck Vectors Gold Miners ETF, $23.370 for VanEck Vectors Junior Gold Miners ETF, 60% of initial levels
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
|
|
| Cusip: | 17331CFA0
|
|
|
|
|
© 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.
