Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Citigroup Global Markets Holdings Inc. > News item |
Citigroup to price callable contingent coupon notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., May 14 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity-linked securities due May 29, 2029 linked to the worst performing of the Russell 2000 index and 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 pay a contingent quarterly coupon at an annualized rate of 6.05% if each underlying asset closes at or above its coupon barrier level, 60% of its initial price, on the observation date for that period.
The notes will be callable in whole at par plus any coupon on any quarterly redemption date after one year.
If each asset finishes at or above its barrier level, 60% of its initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will be fully exposed to the decline of the least-performing asset.
Citigroup Global Markets Inc. is the agent.
The notes will price on May 23.
The Cusip number is 17326Y3T1.
© 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.