By William Gullotti
Buffalo, N.Y., Oct. 15 – Citigroup Global Markets Holdings Inc. priced $1.39 million of 0% autocallable securities due July 28, 2026 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If index closes at or above of its 100% of its initial level on any quarterly valuation date after one year, the notes will be called at par plus a premium of 6.5% a year.
If index finishes at or above its initial level, the payout at maturity will be par plus 32.5%.
If the index declines by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% decline of the index beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $1,385,000
|
| Maturity: | July 28, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 32.5%; if the index falls by up to 20%, par; otherwise, investors will lose 1.25% for each 1% decline beyond 20%
|
| Call: | If index closes at or above 100% of its initial level on any quarterly valuation date after one year, at par plus a premium of 6.5% a year
|
| Initial level: | 2,209.649
|
| Buffer level: | 1,767.7192; 80% of initial level
|
| Pricing date: | July 23
|
| Settlement date: | July 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17329QDE7
|
|
|
© 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.
