Published on 7/29/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.85 million enhanced buffered digital securities tied to Russell
By Wendy Van Sickle
Columbus, Ohio, July 29 – Citigroup Global Markets Holdings Inc. priced $2.85 million of 0% enhanced buffered digital securities due July 31, 2019 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 finishes at or above its initial level or falls by up to 15%, the payout at maturity will be par plus the fixed return of 16%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Enhanced buffered digital notes
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Underlying index: | Russell 2000
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Amount: | $2.85 million
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 15%, par plus 16%; otherwise, 1% loss per 1% drop beyond 15%
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Initial level: | 1,216.859
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Buffer level: | 1,034.330, 85% of initial level
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Pricing date: | July 26
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Settlement date: | July 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17324C6N1
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