New Issue: Citi sells $1.59 million enhanced buffered digital notes on Russell

By Marisa Wong

Morgantown, W.Va., April 11 – Citigroup Global Markets Holdings Inc. priced $1.59 million of 0% enhanced buffered digital securities due April 2, 2020 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 15%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced buffered digital securities
Underlying index:	Russell 2000 index
Amount:	$1,585,000
Maturity:	April 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level or falls by up to 15%, par plus 15%; otherwise, investors will lose 1% for every 1% that the index declines beyond 15%
Initial index level:	1,367.261
Pricing date:	March 28
Settlement date:	March 31
Agent:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	17324CFZ4

© 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.