Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $4.22 million of 0% trigger jump securities due Dec. 4 2024 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes above 80% of its initial level, the payout at maturity will be par plus 30%.
Otherwise, investors will be fully exposed to the losses of the ETF.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a selected dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger jump securities
|
| Underlying ETF: | SPDR S&P Regional Banking ETF
|
| Amount: | $4,220,000
|
| Maturity: | Dec. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 30% if ETF finishes above trigger price; otherwise, full exposure to losses of ETF
|
| Initial level: | $38.97
|
| Trigger level: | $31.176, 80% of initial level
|
| Call: | Non-callable
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as selected dealer
|
| Fees: | 2.5%
|
| Cusip: | 17331HTS5
|
|
|
© 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.
