By Wendy Van Sickle
Columbus, Ohio, July 12 – Citigroup Global Markets Holdings Inc. priced $1.12 million of autocallable contingent coupon equity linked securities due July 2, 2019 linked to the worst performing of the common stocks of Netflix, Inc., Marathon Oil Corp. and Goodyear Tire & Rubber Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9% if each stock closes at or above its 50% coupon barrier on the observation date for that period.
The notes will be called at par if each stock closes at or above its initial level on any quarterly valuation date after three months.
The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 50% trigger, in which case investors will be fully exposed to the decline of the worst performing stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Holdings Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity linked securities
|
| Underlying stocks: | Netflix, Inc., Marathon Oil Corp. and Goodyear Tire & Rubber Co.
|
| Amount: | $1,119,000
|
| Maturity: | July 2, 2019
|
| Coupon: | 10% per year, payable monthly if each stock closes at or above 50% coupon barrier on determination date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock falls by more than 50%, in which case full exposure to losses of worst performing stock
|
| Call: | At par if each stock closes at or above its initial level any quarterly valuation date
|
| Initial levels: | $151.03 for Netflix, $11.35 for Marathon and $34.35 for Goodyear
|
| Trigger/barrier levels: | $75.515 for Netflix, $5.675 for Marathon and $17.175 for Goodyear; 50% of initial levels
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Underwriter: | Citigroup Global Markets Holdings Inc.
|
| Fees: | 3.35%
|
| Cusip: | 17324CKD7
|
|
|
© 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.
