By Wendy Van Sickle
Columbus, Ohio, March 30 – Citigroup Global Markets Holdings Inc. priced $5 million of 0% buffered digital notes due April 5, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the ETF is greater than or equal to its final buffer level, 86.5% of its initial level, the payout at maturity will be par plus 10%.
Otherwise, investors will receive a number of shares per note equal to $10,000 divided by the ETF’s buffer level or, at the issuer’s option, the cash equivalent.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Buffered digital notes
|
Underlying fund: | SPDR S&P 500 ETF Trust
|
Amount: | $5 million
|
Maturity: | April 5, 2024
|
Coupon: | 0%
|
Price: | Par of $10,000
|
Payout at maturity: | If the final ETF level is greater than or equal to 86.5% of its initial level, par plus 10%; otherwise, receive 28.98072 shares per note or, at the issuer’s option, the cash equivalent
|
Initial ETF level: | $398.91
|
Buffer value: | $345.057; 86.5% of initial level
|
Strike date: | March 21
|
Pricing date: | March 22
|
Settlement date: | March 27
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 1%
|
Cusip: | 17331AAL5
|
|
|
© 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.