New Issue: Citigroup prices $886,000 barrier digital plus securities on S&P 500

By Tali Rackner

Norfolk, Va., July 8 – Citigroup Global Markets Holdings Inc. priced $886,000 of 0% barrier digital plus securities due Jan. 3, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the fixed return of 20%.

If the index falls but finishes above the 80% barrier level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline below the barrier level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying index:	S&P 500
Amount:	$886,000
Maturity:	Jan. 3, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial level, par plus greater of index return and 20%; par if index falls by up to 20%; otherwise, full exposure to index’s decline from initial level
Initial level:	2,036.09
Barrier level:	1,628.872, 80% of initial level
Pricing date:	June 28
Settlement date:	July 1
Agent:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17324C3U8

© 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.