By Marisa Wong
Los Angeles, March 13 – Citigroup Global Markets Holdings Inc. priced $6.85 million of 0% buffer notes due March 8, 2022 linked to the S&P 500 index, 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 1.5 times any index gain, capped at par plus 18%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% per 1% drop beyond 10%.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Buffered notes
|
Underlying index: | S&P 500
|
Amount: | $6,845,000
|
Maturity: | March 8, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 18%; par if the index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
|
Initial index level: | 3,130.12
|
Pricing date: | March 4
|
Settlement date: | March 11
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 2%
|
Cusip: | 17328VC99
|
|
© 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.