New York, Feb. 15 – Citigroup Global Markets Holdings Inc. priced $8.15 million of contingent income autocallable securities due Feb. 12, 2027 linked to the common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.2%, paid quarterly, if the underlying stock closes at or above its 80% downside threshold on the related quarterly observation date.
The securities will be called automatically starting May 9 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 80% downside threshold level in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley will act as distributor.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Contingent income autocallable securities
|
Underlying stock: | Alphabet Inc.
|
Amount: | $8,153,000
|
Maturity: | Feb. 12, 2027
|
Coupon: | 10.2%, paid quarterly, if the underlying stock closes at or above its 80% downside threshold on the related quarterly observation date
|
Price: | Par
|
Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
|
Call: | Automatically starting May 9 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
|
Initial level: | $149.00
|
Downside threshold: | $119.20, 80% of initial level
|
Pricing date: | Feb. 9
|
Settlement date: | Feb. 14
|
Agent: | Citigroup Global Markets Inc.
|
Distributor: | Morgan Stanley
|
Fees: | 2.25%
|
Cusip: | 17291LFP5
|
|
|
© 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.