By Wendy Van Sickle
Columbus, Ohio, March 21 – Citigroup Global Markets Holdings Inc. priced $10.87 million of 0% buffered digital securities due March 21, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The note are guaranteed by Citigroup Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus the fixed return of 14.35%.
If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Buffered digital securities
|
Underlying index: | Russell 2000
|
Amount: | $10,866,000
|
Maturity: | March 21, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is zero or positive, par plus 14.35%; if index falls by up to 10%, par; otherwise, 1.1111% loss for every 1% decline beyond the buffer
|
Initial index level: | 1,391.524
|
Pricing date: | March 17
|
Settlement date: | March 24
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 2%
|
Cusip: | 17324CG75
|
|
© 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.