New Issue: Citigroup sells $1 million equity-linked securities on three stocks

By Kiku Steinfeld

Chicago, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $1 million of 14% equity-linked securities due May 17, 2022 tied to the least performing of the shares of Goldman Sachs Group, Inc., Lowe’s Cos., Inc. and Clorox Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The coupon is payable monthly.

If the final level of each asset is at least as great as 60% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% loss of the worst-performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	Goldman Sachs Group, Inc., Lowe’s Cos., Inc. and Clorox Co.
Amount:	$1 million
Maturity:	May 17, 2022
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	If the final level of each asset is at least as great as 60% of its initial level, par; otherwise, investors will lose 1% for each 1% loss of the worst-performing asset
Initial levels:	$217.47 for Goldman, $198.12 for Clorox and $155.71 for Lowe’s
Barrier levels:	$152.229 for Goldman, $138.684 for Clorox and $108.997 for Lowe’s, 60% of initial levels
Pricing date:	Nov. 11
Settlement date:	Nov. 16
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.3%
Cusip:	17328WX37

© 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.