By Wendy Van Sickle
Columbus, Ohio, July 10 – Citigroup Global Markets Holdings Inc. priced $10 million of 10.35% buffered fixed coupon autocallable yield notes due July 9, 2021 linked to the class A common shares of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called at par if the stock closes at or above the initial share price on any monthly observation date.
The payout at maturity will be par unless the stock finishes below the buffer level, in which case investors will receive 11.14281 Disney shares.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Buffered fixed-coupon autocallable yield notes
|
Underlying stock: | Walt Disney Co.
|
Amount: | $10 million
|
Maturity: | July 9, 2021
|
Coupon: | 10.35% per year, payable monthly
|
Price: | Par
|
Payout at maturity: | Par unless stock finishes below buffer level, in which case investors will receive 11.14281 Disney shares
|
Call: | Automatically at par if stock closes at or above initial share price on any monthly observation date
|
Initial share price: | $112.18
|
Buffer level: | $89.744, 80% of initial share price
|
Pricing date: | July 6
|
Settlement date: | July 9
|
Agent: | Citigroup Global Markets Inc.
|
Selected dealer: | Morgan Stanley Wealth Management
|
Fees: | 0.2%
|
Cusip: | 17324XN48
|
|
© 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.