By Kiku Steinfeld
Chicago, Sept. 22 – Citigroup Global Markets Holdings Inc. priced $165,000 of 0% upturn securities due Oct. 21, 2021 linked to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes above its initial share price, the payout at maturity will be par plus 200% of the gain up to the maximum return of 15%.
If the ETF finishes at or below its initial share price, the payout will be a number of shares of the ETF equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Upturn securities
|
| Underlying ETF: | SPDR S&P 500 ETF trust
|
| Amount: | $165,000
|
| Maturity: | Oct. 21, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any ETF gain up to par plus 15%; if ETF finishes at or below its initial share price, a number of shares of the ETF equal to $1,000 divided by initial share price or, at the issuer’s option, cash equivalent
|
| Initial share price: | $338.82
|
| Equity ratio: | 2.95142
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17324X2R0
|
© 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.
