New Issue: Citigroup sells $966,000 buffer securities linked to S&P 500

By Marisa Wong

Los Angeles, Dec. 31 – Citigroup Global Markets Holdings Inc. priced $966,000 of 0% buffer securities due Nov. 30, 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 2 times any index gain, capped at par plus 14.45%. If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	S&P 500 index
Amount:	$966,000
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 14.45%; par if index falls by up to 15%; otherwise, 1% loss for every 1% index decline beyond 15%
Initial level:	3,635.41
Barrier level:	3,090.0985, 85% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17328Y3P7

© 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.