New Issue: Citigroup prices $2.71 million barrier digital notes on Stoxx Banks, Energy Select

By Marisa Wong

Morgantown, W.Va., July 25 – Citigroup Global Markets Holdings Inc. priced $2.71 million of 0% enhanced barrier digital securities due July 28, 2022 linked to the Euro Stoxx Banks index and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the worse performing underlying is greater than or equal to the barrier level, 70% of the initial index level, the payout at maturity will be par plus 60%. Otherwise, investors will lose 1% for each 1% decline of the worse performing underlying from its initial level.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital securities
Underlyings:	Euro Stoxx Banks index, Energy Select Sector SPDR fund
Amount:	$2,713,000
Maturity:	July 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If worse performer finishes at or above barrier level, par plus 60%; otherwise, 1% loss for each 1% decline of worse performer from its initial level
Initial levels:	110.11 for index, $74.89 for ETF
Barrier levels:	77.077 for index, $52.423 for ETF; 70% of initial levels
Pricing date:	July 20
Settlement date:	July 25
Agent:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17324CXR2

© 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.