New York, April 25 – Citigroup Global Markets Holdings Inc. priced $2.23 million of 0% autocallable securities due April 22, 2027 linked to the iShares 20+ Year Treasury Bond ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically with a premium of a 12% annual rate if the ETF closes at or above its initial value on any annual review date.
If the ETF 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 ETF declines but ends at or above the 80% barrier and lose 1% for every 1% that the ETF 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 ETF: | iShares 20+ Year Treasury Bond ETF
|
| Amount: | $2,226,000
|
| Maturity: | April 22, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above its initial value, par plus premium for final valuation date; par if ETF declines but finishes at or above its 80% barrier; otherwise, 1% loss for every 1% that ETF declines from initial level
|
| Call: | Automatically with a premium of a 12% annual rate if the ETF closes at or above its initial value on any annual review date
|
| Initial level: | $89.15
|
| Final barrier: | $71.32, 80% of initial level
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17331A2F7
|
|
|
|
|
© 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.
