Chicago, Oct. 4 – Citigroup Global Markets Holdings Inc. priced $500,000 autocallable contingent coupon equity-linked securities due Sept. 14, 2020 tied to Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly contingent coupon at an annualized rate of 10.15% plus any previously unpaid coupons if the stock closes at or above 52% of its initial level on the valuation date for that quarter.
The notes will automatically be called at par plus the contingent coupon and any previously unpaid coupons if the stock finishes at or above its initial value on any quarterly valuation date other than the final one.
The payout at maturity will be par plus the final contingent coupon and any previously unpaid coupons if the stock finishes above its 52% final barrier. Otherwise, investors will receive a fixed number of shares of the underlying stock equal to $1000 divided by the initial price or, at the issuer’s option, the cash value of those shares.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | Wynn Resorts, Ltd.
|
| Amount: | $500,000
|
| Maturity: | Sept. 14, 2020
|
| Coupon: | 10.15% annual rate plus any previously unpaid coupons if stock finishes at or above 52% coupon barrier on quarterly valuation date
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon and any previously unpaid coupons if stock finishes above final barrier; otherwise, 8.72220 shares, or, at issuer’s option, cash value of shares
|
| Call: | Automatically at par plus final contingent coupon and any previously unpaid coupons if stock closes at or above initial level on any quarterly valuation date other than final one
|
| Initial level: | $114.65
|
| Coupon barrier: | $59.618, 52% of initial level
|
| Final barrier: | $59.618, 52% of initial level
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 12
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17324XTD2
|
© 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.
