By William Gullotti
Buffalo, N.Y., Feb. 17 – Citigroup Global Markets Holdings Inc. priced $1.75 million of callable contingent coupon equity-linked securities due Feb. 19, 2027 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a contingent semiannual coupon at an annualized rate of 5.05% if the index closes at or above its coupon barrier level, 60% of its initial level, on the valuation date for that period.
The notes will be callable in whole at par plus any coupon due on any semiannual call valuation date.
If the notes are not redeemed early, the payout will be par plus the final coupon unless the index finishes below 60% of its initial level, in which case investors will lose 1% for every 1% that the index declines.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Callable contingent coupon equity-linked securities
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Underlying index: | S&P 500 index
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Amount: | $1,747,000
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Maturity: | Feb. 19, 2027
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Contingent coupon: | 5.05% per year, payable semiannually if the index closes at or above coupon barrier on the valuation date for that period
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Price: | Par
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Payout at maturity: | Par plus final coupon unless the index finishes below its final barrier level, in which case investors will lose 1% for every 1% that the index declines
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Call option: | In whole at par plus any coupon due on any semiannual call valuation date
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Initial levels: | 4,418.64
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Coupon barrier levels: | 2,651.184; 60% of initial levels
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Barrier levels: | 2,651.184; 60% of initial levels
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Pricing date: | Feb. 11
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Settlement date: | Feb. 18
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17330AEK4
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