New Issue: Citigroup prices $513,000 0% buffer securities on three indexes

By Kiku Steinfeld

Chicago, Dec. 16 – Citigroup Global Markets Holdings Inc. priced $513,000 of 0% buffer securities due April 24, 2024 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout at maturity will be par plus 134% of the worst performing index return. Investors will receive par if the worst performing index declines but ends above the 10% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:	$513,000
Maturity:	April 24, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus 134% of worst performing index return; par if worst performing index declines but finishes above the 10% buffer; otherwise exposure to decline in worst performing index beyond buffer
Upside leverage:	134%
Cap:	None
Initial levels:	34,911.20 for Dow, 2,030.765 for Russell, 4,462.21 for S&P
Buffer:	10%
Buffer levels:	31,420.08 for Dow, 1,827.689 for Russell, 4,015.989 for S&P, 90% of initial level
Call:	Non-callable
Pricing date:	April 19
Settlement date:	April 22
Agent:	Citigroup Global Markets Inc.
Fees:	0.8%
Cusip:	17330F3M1

© 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.