New York, Dec. 13 – Citigroup Global Markets Holdings Inc. priced $2.75 million of 0% autocallable securities due Oct. 28, 2026 linked to the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus an annualized premium of 27.65% if the worst performing asset closes at or above 90% of its initial value on any annual review date.
If the worst performing asset finishes flat or gains, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the worst performing asset declines but ends at or above the 50% barrier and lose 1% for every 1% that the worst performing asset declines if it finishes below its barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | S&P 500 index and SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $2,748,000
|
| Maturity: | Oct. 28, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset finishes at or above its initial value, par plus premium for final valuation date; par if worst performing asset declines but finishes at or above its 50% barrier; otherwise, 1% loss for every 1% that worst performing asset declines
|
| Call: | Automatically at par plus an annualized premium of 27.65% if the worst performing asset closes at or above 90% of initial value on any annual review date
|
| Initial levels: | 3,752.75 for S&P 500 index, $147.59 for SPDR S&P Oil & Gas Exploration & Production ETF
|
| Final barriers: | 1,876.375 for S&P 500 index, $73.795 for SPDR S&P Oil & Gas Exploration & Production ETF, 50% of initial level
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17330Y4S6
|
|
|
|
|
© 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.
