By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – Citigroup Global Markets Holdings Inc. priced $1.13 million of 0% buffer securities due Feb. 2, 2026 linked to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus any ETF gain, capped at 50%.
Investors will receive par if the ETF falls by up to 12%.
If the ETF falls by more than 12%, investors will receive a number of shares of the underlying ETF equal to $1,000 divided by the initial price or, at the issuer’s option, the cash value of those shares, plus a cash buffer of $120 per $1,000 principal amount.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying ETF: | SPDR S&P 500 ETF trust
|
| Amount: | $1,125,000
|
| Maturity: | Feb. 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any ETF gain, capped at 50%; par if the ETF falls by up to 12%; if the ETF falls by more than 12%, 2.64809 shares of the ETF (or, at the issuer’s option, the cash value of those shares) plus a cash buffer of $120 per $1,000 principal amount
|
| Initial price: | $377.63
|
| Buffer price: | $332.3144, 88% of initial price
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17328NCC0
|
|
|
© 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.
