Chicago, Oct. 27 – Citigroup Global Markets Holdings Inc. priced $3.4 million of autocallable contingent coupon equity-linked securities due Oct. 23, 2028 linked to the worst performing of the S&P 500 Dynamic Participation index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent monthly coupon at an annual rate of 8.4% if each index closes at or above the coupon barrier level, 75% of the initial level, on the valuation date for that period.
The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any quarterly call valuation date after one year.
If the notes are not called and each index finishes at or above its final buffer level, 85% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable contingent coupon equity-linked securities
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Underlying indexes: | Dow Jones industrial average, S&P 500 Dynamic Participation index
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Amount: | $3,403,000
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Maturity: | Oct. 23, 2028
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Coupon: | 8.4% annualized rate, payable monthly if each index closes at or above coupon barrier level on valuation date for that period
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Price: | Par
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Payout at maturity: | Par plus contingent coupon if each index closes at or above final buffer; otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 15%
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Call: | Automatically at par plus coupon if each index closes at or above its initial level on any quarterly call valuation date after one year
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Initial levels: | 33,665.08 for Dow, 708.18 for Dynamic
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Coupon barrier levels: | 25,248.81 for Dow, 531.135 for Dynamic; 75% of initial levels
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Final buffer levels: | 28,615.318 for Dow, 601.953 for Dynamic; 85% of initial levels
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Pricing date: | Oct. 18
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Settlement date: | Oct. 23
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3.75%
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Cusip: | 17291QXK5
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