By Tali Rackner
Minneapolis, June 13 – Citigroup Global Markets Holdings Inc. priced $4.84 million of contingent income autocallable securities due June 11, 2021 linked to the American Depositary Shares representing ordinary shares of Anheuser-Busch InBev SA/NV, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 8.75% if the stock closes at or above the 80% downside threshold level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any potential redemption date.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below its 80% downside threshold, in which case investors will lose 1% for each 1% decline.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Anheuser-Busch InBev SA/NV (Symbol: BUD)
|
| Amount: | $4,842,130
|
| Maturity: | June 11, 2021
|
| Coupon: | 8.75% annualized, payable each quarter if stock closes at or above downside threshold level on determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If stock finishes above downside threshold, par; otherwise, 1% loss for each 1% that stock declines
|
| Call: | At par plus contingent coupon if stock closes at or above initial level on any any potential redemption date
|
| Initial share price: | $94.67
|
| Downside threshold: | $75.736, 80% of initial share price
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Underwriter: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2.5%
|
| Cusip: | 17326K825
|
|
|
|
|
© 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.
