New Issue: Citi prices $3.82 million index-linked notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – Citigroup Global Markets Holdings Inc. priced $3.82 million of 0% index-linked notes due April 28, 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 300% of any index gain, up to a maximum settlement amount of $1,192 per $1,000 of notes.

Investors will be fully exposed to any index decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$3,815,000
Maturity:	April 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payment of $1,192 per $1,000 principal amount; full exposure to decline
Initial index level:	3,400.97
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.51%
Cusip:	17328WV21

© 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.