By Wendy Van Sickle
Columbus, Ohio, Nov. 25 – Citigroup Global Markets Holdings Inc. priced $4.85 million of trigger callable contingent yield notes due Nov. 27, 2029 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Each quarter, the notes pay a contingent coupon if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date that quarter. The contingent coupon rate is 9.5% per year.
The notes are callable at par of $10 on each quarterly observation date.
If the notes are not called and each index finishes at or above its 50% downside threshold, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger callable contingent yield notes
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000 and MSCI Emerging Markets
|
| Amount: | $4.85 million
|
| Maturity: | Nov. 27, 2029
|
| Coupon: | 9.5% per year, payable each quarter that each index closes at or above its coupon barrier on observation date that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | If each index finishes at or above downside threshold, par plus any contingent coupon; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
|
| Call option: | At par on each quarterly observation date
|
| Initial levels: | 3,696.56 for Euro Stoxx, 1,598.292 for Russell and 1,057.16 for MSCI Emerging Markets
|
| Coupon barriers: | 2,587.592 for Euro Stoxx, 1,118.804 for Russell and 740.012 for MSCI Emerging Markets; 70% of initial levels
|
| Downside thresholds: | 1,848.28 for Euro Stoxx, 799.146 for Russell and 528.58 for MSCI Emerging Markets; 50% of initial levels
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 22
|
| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
| Fees: | 1%
|
|
|
| Cusip: | 17327P765
|
|
|
© 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.
