By William Gullotti
Buffalo, N.Y., June 7 – Citigroup Global Markets Holdings Inc. priced $6.73 million of 0% barrier securities due Dec. 7, 2023 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the ETF finishes above its initial level, the payout at maturity will be par plus any ETF gain, capped at par plus 80%.
If the ETF finishes flat or falls by up to 20%, the payout will be par. Otherwise, investors be fully exposed to the ETF’s decline from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $6.73 million
|
| Maturity: | Dec. 7, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any ETF gain, capped at par plus 80%; par if ETF falls by up to 20%; otherwise, 1% loss for every 1% ETF decline from initial level
|
| Initial level: | $32.51
|
| Barrier level: | $26.008; 80% of initial level
|
| Strike date: | May 27
|
| Pricing date: | May 31
|
| Settlement date: | June 7
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17330P5Z8
|
|
|
© 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.
