E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/6/2016 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $720,000 enhanced buffered digital notes on the Dow

By Marisa Wong

Morgantown, W.Va., Oct. 6 – Citigroup Global Markets Holdings Inc. priced $720,000 of 0% enhanced buffered digital securities due Oct. 1, 2020 linked to the Dow Jones industrial average, 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 19%. 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.
Guarantor:Citigroup Inc.
Issue:Enhanced buffer digital securities
Underlying index:Dow Jones industrial average
Amount:$720,000
Maturity:Oct. 1, 2020
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above initial level or falls by up to 15%, par plus 19%; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:18,228.30
Pricing date:Sept. 27
Settlement date:Sept. 30
Underwriter:Citigroup Global Markets Inc.
Fees:3.5%
Cusip:17324CAM8

© 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.