By Sarah Lizee
Olympia, Wash., Dec. 6 – Citigroup Global Markets Holdings Inc. priced $4.55 million of 0% buffer securities due July 2, 2020 linked to the iShares MSCI EAFE ETF, 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 1.5 times any fund gain, subject to a maximum payout of par plus 27.65%. Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% that the fund declines beyond the 10% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying fund: iShares MSCI EAFE ETF
|
| Amount: | $4,547,000
|
| Maturity: | July 2, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any fund gain, up to maximum payout of par plus 27.65%; par if the fund falls by up to 10%; 1% loss for every 1% decline beyond 10% buffer
|
| Initial level: | $63.36
|
| Pricing date: | Nov. 28
|
| Settlement date: | Dec. 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326Y3Q7
|
© 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.
