New York, May 22 – Citigroup Global Markets Holdings Inc. priced $1.9 million of callable contingent coupon equity linked securities due May 1, 2025 linked to the common stock of Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.25%, paid quarterly, if the stock closes at or above its 55% coupon barrier on the related valuation date.
The securities may be called at par on any quarterly review date starting Oct. 30, 2023.
The payout at maturity will be par if the stock ends at or above its 55% final barrier. Otherwise, investors will receive a number of shares per security equal to $1,000 divided by the stock’s initial level or, at the issuer’s option, the cash equivalent.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable contingent coupon equity linked securities
|
| Underlying stock: | Charles Schwab Corp.
|
| Amount: | $1,895,000
|
| Maturity: | May 1, 2025
|
| Coupon: | 14.25%, paid quarterly if the stock closes at or above its 55% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, receive 19.14242 shares per security or, at the issuer’s option, the cash equivalent
|
| Call option: | At par on any quarterly review date starting Oct. 30, 2023
|
| Initial level: | $52.24
|
| Coupon barrier: | $28.732, 55% of initial level
|
| Final barrier: | $28.732, 55% of initial level
|
| Pricing date: | April 28
|
| Settlement date: | May 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
|
|
| Cusip: | 17331AGQ8
|
|
|
|
|
© 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.
