By Marisa Wong
Morgantown, W.Va., Aug. 3 – Citigroup Global Markets Holdings Inc. priced $1.92 million of 0% capped gears due Sept. 28, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 20%.
Investors will be fully exposed to any fund decline.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Capped gears
|
Underlying ETF: | Energy Select Sector SPDR fund
|
Amount: | $1,923,050
|
Maturity: | Sept. 28, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus triple any fund gain, up to a maximum return of 20%; full exposure to losses
|
Initial price: | $65.88
|
Pricing date: | July 26
|
Settlement date: | July 31
|
Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
Fees: | 2%
|
Cusip: | 17325K800
|
|
© 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.