By William Gullotti
Buffalo, N.Y., March 7 – Citigroup Global Markets Holdings Inc. priced $5.09 million of 0% trigger Performance Leveraged Upside Securities due March 3, 2028 linked to the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 224% of any gain.
If the index declines up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $5,086,040
|
| Maturity: | March 3, 2028
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index gains, par plus 224% of the return; if the index falls by up to trigger level, par; otherwise, 1% loss for every 1% decline from initial level
|
| Initial level: | 3,924.23
|
| Trigger level: | 2,943.173; 75% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 3
|
| Underwriter: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3.5%
|
| Cusip: | 17330L850
|
|
|
© 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.
