By William Gullotti
Buffalo, N.Y., Feb. 13 – Citigroup Global Markets Holdings Inc. priced $1.05 million of 0% autocallable dual directional buffer securities due Feb. 11, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus an 8.5% call premium if the index closes at or above its initial level on Feb. 11, 2025.
If the index’s final level is greater than its initial level, the payout at maturity will be par plus the index’s return.
If the index’s final level is less than or equal to its initial level but greater than or equal to its final buffer level, 70% of its initial level, the payout will be par plus the absolute value of the index’s return.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 30%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable dual directional buffer securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1.05 million
|
| Maturity: | Feb. 11, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index’s final level is greater than or equal to initial level, par plus the index’s return; if the index’s final level is less than initial level but greater than or equal to final buffer level, par plus absolute value of the index’s return; otherwise, 1% loss for every 1% that the index declines beyond 30%
|
| Call: | Automatically at par plus 8.5% if index closes at or above initial level on Feb. 11, 2025
|
| Initial level: | 4,995.06
|
| Final buffer level: | 3,496.542; 70% of initial index level
|
| Strike date: | Feb. 7
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 13
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17291LBT1
|
|
|
© 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.
