By Taylor Fox
New York, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $15.17 million of trigger autocallable contingent yield notes due Jan. 13, 2026 linked to the Invesco S&P 500 Equal Weight ETF and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Each quarter, the notes will pay a contingent coupon at an annualized rate of 8.7% if each underlier closes at or above its coupon barrier, 70% of its initial value, on the observation date for that quarter.
The notes will be redeemed at par of $10 plus the coupon if both ETFs close at or above their initial values on any quarterly observation date after six months.
The payout at maturity will be par plus the coupon, if any, unless either underlier finishes below the 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing underlier from its initial value.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Trigger autocallable contingent yield notes
|
Underlying ETFs: | Invesco S&P 500 Equal Weight ETF and the iShares Russell 2000 ETF
|
Amount: | $15,165,000
|
Maturity: | Jan. 13, 2026
|
Coupon: | 8.7% annual rate, payable each quarter that each underlier closes at or above coupon barrier on observation date for that quarter
|
Price: | Par of $10
|
Call: | At par plus the coupon if both ETFs close at or above their initial values on any quarterly observation date after six months
|
Payout at maturity: | Par plus coupon, if any, if each ETF finishes at or above downside threshold; otherwise, 1% loss for each 1% decline of the worse performing underlier from initial value
|
Initial values: | $131.32 for S&P and $207.72 for Russell
|
Coupon barriers: | $91.92 for S&P and $145.40 for Russell; 70% of initial values
|
Downside thresholds: | $91.92 for S&P and $145.40 for Russell; 70% of initial values
|
Pricing date: | Jan. 8
|
Settlement date: | Jan. 13
|
Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
Fees: | None
|
Cusip: | 17329B103
|
© 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.