By Marisa Wong
Morgantown, W.Va., Feb. 1 – Citigroup Global Markets Holdings Inc. priced $3.82 million of 0% trigger gears due Jan. 31, 2022 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.
The payout at maturity will be par of $10 plus 1.24 times any index gain.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below its 60% downside threshold level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,821,210
|
| Maturity: | Jan. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.24 times any index gain; par if the index falls by up to 40%; full exposure to any losses if the index finishes below its 60% downside threshold level
|
| Initial index level: | 2,296.68
|
| Downside threshold: | 1,378.01, 60% of initial level
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17325E200
|
|
|
© 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.
