By Wendy Van Sickle
Columbus, Ohio, July 28 – Citigroup Global Markets Holdings Inc. priced $17.15 million of 0% step down trigger autocallable notes due July 29, 2022 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par of $10 plus an 8.76% call premium if each index closes at or above its initial level on any annual valuation date, aside from the final valuation date when the call level will be 70% of each index’s initial level.
If the notes are not subject to an automatic call, then the final level of at least one index will be less than its downside threshold, 70% of its initial level, and investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Step down trigger autocallable notes
|
| Underlying indexes: | S&P 500 index Euro Stoxx 50 index
|
| Amount: | $17,153,500
|
| Maturity: | July 29, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Full exposure to decline of least-performing index from initial level
|
| Call: | At par plus 8.76% per year if each index closes at or above its initial level on any annual valuation date, aside from the final valuation date when call level will be 70% of each index’s initial level
|
| Initial index levels: | 2,475.42 for S&P 500 and 3,493.14 for Euro Stoxx 50
|
| Downside thresholds: | 1,732.794 for S&P 500 and 2,445.198 for Euro Stoxx 50; 70% of initial levels
|
| Pricing date: | July 27
|
| Settlement date: | July 31
|
| Underwriters: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17325K586
|
|
|
© 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.
