By William Gullotti
Buffalo, N.Y., March 22 – Citigroup Global Markets Holdings Inc. priced $2.27 million of 0% buffer securities due March 29, 2023 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, each with equal weights.
The payout at maturity will be par plus 300% of any positive return of the basket, subject to a maximum payout of par plus 12.85%.
If the basket falls by up to 10%, the payout will be par. Investors will be exposed to declines in the basket below 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying basket: | Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index; equal weights
|
| Amount: | $2.27 million
|
| Maturity: | March 29, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any positive basket return capped at 12.85%; par if basket falls by up to 10%; lose 1% for every 1% decline of basket beyond 10%
|
| Initial levels: | 33,131.76 for Dow, 13,509.43 for Nasdaq, 1,944.092 for Russell
|
| Buffer level: | 90% of initial levels
|
| Strike date: | Feb. 23
|
| Pricing date: | Feb. 24
|
| Settlement date: | March 1
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.22%
|
| Cusip: | 17330AK92
|
|
|
© 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.
