By Marisa Wong
Morgantown, W.Va., Dec. 4 – Citigroup Global Markets Holdings Inc. priced $450,000 of 0% dual directional barrier securities due Nov. 27, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus the index return, subject to a maximum return that is expected to be 24.75%.
If the index finishes below the initial level but at or above the barrier level, 75.25% of the initial level, the payout at maturity will be par plus the absolute value of the index return.
If the index finishes below the barrier level, investors will have one-to-one exposure to the index’s decline from its initial level.
Citigroup Global Markets Inc. is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional barrier securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $450,000
|
| Maturity: | Nov. 27, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the initial level, plus the index return, capped at 24.75%; if the index finishes below the initial level but at or above the barrier level, par plus the absolute value of the index return; if the index finishes below the barrier level, one-to-one exposure to the index’s decline from its initial level
|
| Initial level: | 3,562.65
|
| Barrier level: | 2,680.894, 75.25% of initial level
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Underwriter: | Citigroup Global Markets Inc. with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
|
| Fees: | 1.25%
|
| Cusip: | 17324CPE0
|
© 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.
