By Kiku Steinfeld
Chicago, Feb. 10 – Citigroup Global Markets Holdings Inc. priced $135,000 of 0% upturn securities due Feb. 5, 2024 linked to the ARK Innovation ETF, 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 par plus 110%.
If the ETF finishes at or below its initial share price, investors will be exposed to any decline.
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: | ARK Innovation ETF
|
| Amount: | $135,000
|
| Maturity: | Feb. 5, 2024
|
| Coupon: 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any ETF gain up to par plus 110%; otherwise, exposure to any decline
|
| Initial share price: | $137.44
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 5
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328YNF7
|
|
|
© 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.
