New Issue: Citi prices $2 million equity-linked securities on three stocks

By Wendy Van Sickle

Columbus, Ohio, March 8 – Citigroup Global Markets Holdings Inc. priced $2 million of 12.4% equity-linked securities due March 8, 2024 tied to the worst performing of the common stocks of McDonald's Corp., Morgan Stanley and YETI Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Interest is payable monthly.

The payout at maturity will be par unless any stock finishes below its final barrier value, 60% of its initial value, in which case investors will be fully exposed to the decline of the least-performing stock.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying stocks:	McDonald's Corp., Morgan Stanley and YETI Holdings, Inc.
Amount:	$2 million
Maturity:	March 8, 2024
Coupon:	12.4%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below final barrier value, in which case full exposure to least-performing stock’s decline
Initial levels:	$240.94 for McDonald's, $88.38 for Morgan Stanley, $63.57 for YETI
Final barrier levels:	$144.564 for McDonald's, $53.028 for Morgan Stanley, $38.142 for YETI; 60% of initial values
Pricing date:	March 3
Settlement date:	March 8
Agent:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17330ASJ2

© 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.