New Issue: Citigroup prices $1.24 million index-linked notes with cap linked to S&P 500

By Kiku Steinfeld

Chicago, July 15 – Citigroup Global Markets Holdings Inc. priced $1.24 million of 0% notes due March 11, 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 triple any index gain, up to a maximum settlement amount of $1,254.10 per $1,000 of notes.

Otherwise, investors will lose 1% for every 1% decline.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$1,238,000
Maturity:	March 11, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above initial level, par plus three times index return, up to $1,254.10 per $1,000 of notes; full exposure to any index decline
Initial index level:	3,152.05
Pricing date:	July 9
Settlement date:	July 16
Underwriter:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17328W3Z9

© 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.