Published on 5/23/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.74 million buffer securities linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, May 23 – Citigroup Global Markets Holdings Inc. priced $2.74 million of buffer securities due July 6, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by up to the buffer amount of 15% and will lose 1% for every 1% that the index declines beyond the buffer.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffer securities
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Underlying index: | Russell 2000
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Amount: | $2,735,000
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Maturity: | July 6, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial level, par plus return; par if index declines by 15% or less; 1% loss for every 1% drop beyond 15%
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Initial index level: | 1,102.954
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Pricing date: | May 19
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Settlement date: | May 26
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.1%
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Cusip: | 17324C3P9
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