New Issue: Citigroup sells $1.85 million buffer securities on index, ETF basket

By Marisa Wong

Morgantown, W.Va., Sept. 12 – Citigroup Global Markets Holdings Inc. priced $1.85 million of 0% buffer securities due Sept. 6, 2019 linked to a basket containing the S&P 500 index with a 40% weight, the iShares MSCI EAFE exchange-traded fund with a 40% weight and the iShares MSCI Emerging Markets ETF with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the basket return is positive, the payout at maturity will be par plus 1.2 times the basket gain, subject to a 15.15% maximum return. Investors will receive par if the basket falls by up to the 15% buffer and will lose 1% for every 1% that the basket declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Basket components:	S&P 500 index (40% weight), iShares MSCI EAFE ETF (40% weight), iShares MSCI Emerging Markets ETF (20% weight)
Amount:	$1,852,000
Maturity:	Sept. 6, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.2 times the gain, capped at 15.15%; if basket falls by 15% or less, par; otherwise, 1% loss for every 1% decline beyond 15%
Initial values:	2,471.65 for S&P, $66.90 for EAFE ETF, $44.83 for EM ETF
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17324CMB9

© 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.