By Tali Rackner
Norfolk, Va., Feb. 2 – Citigroup Global Markets Holdings Inc. priced $294,000 of 0% enhanced buffered digital securities due Jan. 29, 2021 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 the 85% buffer level, the payout at maturity will be par plus the fixed return of 20%.
If the index falls by more than 15%, investors will lose 1% for every 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Enhanced buffered digital securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $294,000
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level or falls by up to 15%, par plus 20%; otherwise, 1% loss for every 1% that index declines beyond 15%
|
| Initial index level: | 20,100.91
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17324CDV5
|
|
|
|
|
© 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.
