By Wendy Van Sickle
Columbus, Ohio, Oct. 31 – Citigroup Global Markets Holdings Inc. priced $5.02 million of autocallable contingent coupon equity-linked securities due April 29, 2027 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Every month, the notes will pay a contingent coupon at the rate of 7.05% per year if the ETF closes at or above its coupon barrier value, 80% of its initial share price, on the valuation date for that period.
The notes will be automatically called at par if the ETF closes at or above its initial share price on any quarterly call date after two years.
If the final share price is greater than or equal to the 80% buffer value, the payout at maturity will be par. Otherwise, investors will be exposed to losses beyond the buffer.
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 ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $5.02 million
|
| Maturity: | Oct. 28, 2021
|
| Coupon: | 7.05% per year, payable monthly if ETF closes at or above 80% coupon barrier value on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than buffer value; exposure to losses beyond buffer
|
| Call: | Automatically at par if ETF closes at or above initial share price on any quarterly call date after two years
|
| Initial share price: | $27.74
|
| Buffer value: | $22.192, or 80% of initial share price
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.25%
|
| Cusip: | 17327THZ2
|
|
|
© 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.
