Chicago, Oct. 27 – Citigroup Global Markets Holdings Inc. priced $1.79 million of 0% market-linked securities with a contingent fixed return and contingent downside due Oct. 30, 2024 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes above the 65% threshold level, the payout at maturity will be par plus 10.25%.
Otherwise, investors will be fully exposed to the losses of the stock.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – contingent fixed return and contingent downside
|
| Underlying stock: | Halliburton Co.
|
| Amount: | $1.79 million
|
| Maturity: | Oct. 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 10.25% if stock closes above threshold level; otherwise, full exposure to losses of stock
|
| Initial share price: | $43.13
|
| Barrier value: | $28.0345, or 65% of initial share price
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.35%
|
| Cusip: | 17291QTQ7
|
|
|
© 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.
