By William Gullotti
Buffalo, N.Y., May 27 – Citigroup Global Markets Holdings Inc. priced $2.9 million of 0% market-linked securities – upside participation to a cap and fixed percentage buffered downside due June 26, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, capped at a maximum return of par plus 15%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond the 10% buffer.
The notes are guaranteed by Citigroup Inc.
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 to a cap and fixed percentage buffered downside
|
| Underlying: | Nasdaq-100 index
|
| Amount: | $2.9 million
|
| Maturity: | June 26, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 15%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10% buffer
|
| Initial level: | 11,835.62
|
| Buffer level: | 10,652.058; 90% of initial level
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Agent: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 2.39%
|
| Cusip: | 17330FQ38
|
|
|
|
|
© 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.
