By William Gullotti
Buffalo, N.Y., June 21 – Citigroup Global Markets Holdings Inc. priced $12.06 million of 0% buffered performance securities due Jan. 4, 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 above its initial level, the payout at maturity will be par plus the index gain, capped at par plus 16.5%.
If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is the dealer.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Buffered performance securities
|
Underlying index: | S&P 500 index
|
Amount: | $12,064,770
|
Maturity: | Jan. 4, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus any index gain, capped at par plus 16.5%; par if index falls by up to 15%; otherwise, 1% loss for every 1% index decline beyond 15%
|
Initial level: | 3,789.99
|
Buffer level: | 85% of initial level
|
Pricing date: | June 15
|
Settlement date: | June 21
|
Underwriter: | Citigroup Global Markets Inc.
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 2.5%
|
Cusip: | 17330M759
|
|
|
© 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.