Citigroup to price barrier securities linked to Dow, Nasdaq, S&P

By Sarah Lizee

Olympia, Wash., Sept. 4 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due Sept. 12, 2025 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and 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 175% of the worst performing index if all three underliers finish above their initial levels.

If the worst performer declines, but not more than 30%, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Sept. 9.

The Cusip number is 17328WHY7.

© 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.