By Wendy Van Sickle
Columbus, Ohio, April 30 – Citigroup Global Markets Holdings Inc. priced $400,000 of contingent coupon equity-linked securities due April 17, 2024 linked to the ViacomCBS Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent monthly coupon at an annualized rate of 12.25% if the stock closes at or above the coupon barrier level, 70% of the initial level, on the valuation date for that period.
The payout at maturity will be par unless the stock finishes below the 70% barrier level, in which case investors will be fully exposed to the loss.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Ccontingent coupon equity-linked securities
|
Underlying stock: | ViacomCBS Inc.
|
Amount: | $400,000
|
Maturity: | April 17, 2024
|
Coupon: | 12.25% per year, payable monthly if stock closes at or above coupon barrier on valuation date for that period
|
Price: | Par
|
Payout at maturity: | Par unless stock finishes below barrier level, in which case full exposure to decline
|
Initial level: | $41.88
|
Coupon barrier level: | $29.316, 70% of initial level
|
Barrier level: | $29.316, 70% of initial level
|
Equity ratio: | 5.29325
|
Pricing date: | April 12
|
Settlement date: | April 15
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 0.6%
|
Cusip: | 17329FHS6
|
|
© 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.