New Issue: Citi sells $1.26 million callable contingent coupon equity notes on S&P, Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, July 31 – Citigroup Global Markets Holdings Inc. priced $1.26 million of callable contingent coupon equity-linked securities due July 31, 2026 linked to the worst performing of the Dow Jones industrial average, 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 semiannual coupon at an annualized rate of 10.25% if each asset closes at or above its coupon barrier level, 75% of its initial level, on the valuation date for that period.

The notes will be callable in whole at par plus any coupon due on any quarterly valuation date after one year.

If the notes are not redeemed, the payout will be par plus any final coupon unless any index finishes below 75% of its initial level, in which case investors will be fully exposed to the loss of the least performing index.

Citigroup Global Markets Inc.is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable contingent coupon equity-linked securities
Underlying assets:	Dow Jones industrial average, S&P 500 index and Russell 2000 index
Amount:	$1,256,000
Maturity:	July 31, 2026
Contingent coupon:	10.25% per year, payable semiannually if each asset closes at or above coupon barrier on the valuation date for that period
Price:	Par
Payout at maturity:	Par plus any coupon unless any index finishes below 75% of its initial level, in which case investors will be fully exposed to the loss of the least performing index
Call option:	In whole at par plus any coupon due on any quarterly valuation date after one year
Initial level:	26,469.89 for Dow, 1,467.555 for Russell, 3,215.63 for S&P
Coupon barriers:	19,852.418 for Dow, 1,100.666 for Russell, 2,441.723 for S&P; 75% of initial levels
Final barriers:	19,852.418 for Dow, 1,100.666 for Russell, 2,441.723 for S&P; 75% of initial levels
Pricing date:	July 24
Settlement date:	July 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	0%
Cusip:	17328W6S2

© 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.