New Issue: Citigroup prices $2 million contingent bearish market-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 3 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% contingent bearish market-linked notes due April 25, 2024 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.

If the index finishes at or above its initial level, the payout at maturity will be par. If the index finishes below its initial level but above 60% of its initial level, the payout will be par plus the absolute value of the index return. If the index finishes below 60% of its initial level, the payout will be par plus 3%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Contingent bearish market-linked notes
Underlying index:	S&P 500 index
Amount:	$2 million
Maturity:	April 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par if index finishes at or above initial level; if index finishes below initial level but above knock-out level, par plus absolute value of index return; if index finishes below knock-out level, par plus 3%
Initial index level:	4,271.78
Knock-out level:	2,563.068, 60% of initial index level
Pricing date:	April 22
Settlement date:	April 27
Agent:	Citigroup Global Markets Inc.
Fees:	1.25%
Cusip:	17327TMA1

© 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.