Chicago, March 22 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due Feb. 1, 2024 linked to a performance allocation basket comprised of the iShares MSCI EAFE ETF, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The basket will be weighted according to the performance of each underlying. The underlying with the highest return will be given a 50% weight. The underlying with the second highest return will be given a 30% weight and the lowest performing will be given a weight of 20%.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus the return of the basket, capped at par plus 30%.
If the basket declines, but not more than 20%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the basket.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities linked to a performance-allocation basket
|
| Underlying basket: | iShares MSCI EAFE ETF, Euro Stoxx 50 and the iShares MSCI Emerging Markets ETF; weight assigned by performance, 50%, 30% and 20% accordingly
|
| Amount: | $1 million
|
| Maturity: | Feb. 1, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return of basket if positive, subject to maximum return of par plus 30%; par if basket declines, but not more than 20%; otherwise, full exposure to losses of basket
|
| Initial levels: | $72.39 for MSCI EAFE, 3,481.44 for Stoxx, $53.31 for MSCI EM
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17328YMJ0
|
© 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.
