By Wendy Van Sickle
Columbus, Ohio, Aug. 2 – Citigroup Global Markets Holdings Inc. priced $3.81 million of 0% partial principal at risk securities due July 31, 2024 tied to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par of $10.00 plus any index gain, with a maximum return of 14.65%.
If the index finishes flat or declines, investors will receive par plus the index return, subject to a minimum payout of 95% of par.
Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as selected dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Partial principal at risk securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,805,000
|
| Maturity: | July 31, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus any index gain, capped at 14.65%; otherwise, exposure to losses with a minimum payout of 95% of par
|
| Initial index level: | 3,921.05
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 17330N542
|
|
|
|
|
© 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.
