By Marisa Wong
Morgantown, W.Va., May 9 – Citigroup Global Markets Holdings Inc. priced $687,000 of 0% enhanced buffered digital notes due May 1, 2019 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes ae guaranteed by Citigroup Inc.
If the index finishes above its initial level or falls by up to the 15% buffer, the payout at maturity will be par plus the fixed return of 16.25%.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Enhanced buffered digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $687,000
|
| Maturity: | May 1, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains or falls by up to 15%, par plus 16.25%; otherwise, 1% loss per 1% drop beyond 15%
|
| Initial index level: | 1,150.728
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324C2M7
|
|
|
© 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.
