Chicago, May 3 – Citigroup Global Markets Holdings Inc. priced $1.48 million of 7.25% annualized single observation Equity LinKed Securities due March 22, 2022 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Bank of America shares is less than 80% of the initial price, in which case the payout will be a number Bank of America shares equal to $1,000 divided by the initial share price.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Single observation Equity LinKed Securities
|
| Underlying stock: | Bank of America Corp. (NYSE: BAC)
|
| Amount: | $1,476,000
|
| Maturity: | March 22, 2022
|
| Coupon: | 7.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final price of Bank of America shares is less than 80% of initial price, in which case 26.35046 Bank of America shares
|
| Initial share price: | $37.95
|
| Downside threshold level: | $30.360, 80% of initial level
|
| Pricing date: | March 17
|
| Settlement date: | March 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17328NMG0
|
© 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.
