By Wendy Van Sickle
Columbus, Ohio, June 19 – Citigroup Global Markets Holdings Inc. priced $2.38 million of 0% market-linked securities – upside participation and contingent downside due March 2, 2027 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus any gain in the index.
Investors will receive par if the index falls by up to 25%
Otherwise, investors will lose 1% for every 1% that the index declines.
Wells Fargo Securities, LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – upside participation and contingent downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,375,000
|
| Maturity: | March 2, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 25%; otherwise, 1% loss for every 1% decline
|
| Initial index level: | 4,200.88
|
| Buffer level: | 3,150.66, 75% of initial level
|
| Pricing date: | May 27
|
| Settlement date: | June 2
|
| Agents: | Wells Fargo Securities, LLC and Citigroup Global Markets Inc.
|
| Fees: | 3.82%
|
| Cusip: | 17329FQB3
|
|
|
© 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.
