By Sarah Lizee
Olympia, Wash., Sept. 26 – Citigroup Global Markets Holdings Inc. priced $361,000 0% barrier securities due Sept. 24, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 110% of the index return.
If the final index level is less than the initial level but greater than or equal to the 75% barrier level, the payout will be par.
If the final index level is less than the barrier level, investors will lose 1% for each 1% decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $361,000
|
| Maturity: | Sept. 24, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than or equal to the initial level, par plus 110% of the index return; if the final index level is less than the initial level but greater than or equal to the 75% barrier level, par; if the final index level is less than the barrier level, 1% loss for each 1% decline of the index from its initial level
|
| Initial level: | 1,994.97
|
| Barrier level: | 1,496.228, 75% of initial level
|
| Pricing date: | Sept. 21
|
| Settlement date: | Sept. 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17326YWP7
|
© 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.
