New York, Feb. 27 – Citigroup Global Markets Holdings Inc. priced $1.93 million of 0% autocallable securities due Feb. 22, 2027 linked to the Financial Select Sector SPDR Fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus a 14.5% annualized call premium if the worst performing underlier closes at or above its initial value on any annual review date.
If the worst performing underlier finishes flat or gains, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the worst performing underlier declines but ends at or above the 70% barrier and lose 1% for every 1% that the worst performing underlier declines if it finishes below its barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Financial Select Sector SPDR Fund and Russell 2000 index
|
| Amount: | $1.93 million
|
| Maturity: | Feb. 22, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing underlier finishes at or above its initial value, par plus premium for final valuation date; par if worst performing underlier declines but finishes at or above its 70% barrier; otherwise, 1% loss for every 1% that worst performing underlier declines from initial level
|
| Call: | Automatically at par plus a 14.5% annualized call premium if the worst performing underlier closes at or above its initial value on any annual review date
|
| Initial levels: | $36.39 for Financial Select Sector SPDR Fund, 1,946.356 for Russell 2000 index
|
| Final barriers: | $25.473 for Financial Select Sector SPDR Fund, 1,362.449 for Russell 2000 index, 70% of initial level
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 23
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17331CFG7
|
|
|
|
|
© 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.
