By Wendy Van Sickle
Columbus, Ohio, April 5 – Citigroup Global Markets Holdings Inc. priced $3.45 million of 0% trigger jump securities due April 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus the greater of the gain and the fixed return of 32%.
If the index falls by up to the 90% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,449,680
|
| Maturity: | April 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus greater of return and 32%; if index falls by up to 10%, par; otherwise, 1% loss for each 1% decline
|
| Initial level: | 3,361.50
|
| Downside threshold: | 3,025.35, 90% of initial level
|
| Pricing date: | March 29
|
| Settlement date: | April 5
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 17326K205
|
|
|
© 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.
