New Issue: Citigroup sells $1.05 million barrier securities linked to three ETFs

New York, March 19 – Citigroup Global Markets Holdings Inc. priced $1.05 million of 0% barrier securities due March 14, 2023 linked to the Technology Select Sector SPDR fund, the PowerShares QQQ Trust, series 1 exchange-traded fund and the Consumer Discretionary Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 225% of any gain of the worse performing ETF capped at par plus 65%.

If the worse performing asset falls by up to 60%, the payout will be par; otherwise, investors will be fully exposed to the decline of the lowest performing ETF.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying ETFs:	Technology Select Sector SPDR fund, PowerShares QQQ Trust, series 1 exchange-traded fund and Consumer Discretionary Select Sector SPDR fund
Amount:	$1,048,000
Maturity:	March 14, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 225% of any gain of worse performing asset capped at par plus 65%; par if worse performer falls by up to 60%; otherwise, full exposure to loss of lesser performing asset
Initial prices:	$70.51 for Technology Select, $173.16 for QQQ, $106.24 for Consumer Discretionary
Barrier prices:	$42.306 for Technology Select, $103.896 for QQQ, $63.744 for Consumer Discretionary; 60% of initial prices
Pricing date:	March 9
Settlement date:	March 14
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17324CSW7

© 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.