By Sarah Lizee
Olympia, Wash., Dec. 10 – Citigroup Global Markets Holdings Inc. priced $1.79 million of 0% dual directional barrier securities due Dec. 18, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus the absolute value of the index return, capped at par plus 8%.
If the index falls but not below its 78.55% barrier level, the payout at maturity will be par plus the absolute value of the index return.
If the index falls by more than 21.45%, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Dual directional barrier securities
|
Underlying index: | S&P 500
|
Amount: | $1,786,000
|
Maturity: | Dec. 18, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains or finishes flat, par plus the absolute value of the index return, capped at par plus 8%; if index falls but not below its 78.55% barrier level, par plus the absolute value of the index return; if the index falls by more than 21.45%, fully exposure to any losses
|
Initial level: | 2,760.17
|
Barrier level: | 2,168.114, 78.55% of initial level
|
Pricing date: | Nov. 30
|
Settlement date: | Dec. 5
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 1%
|
Cusip: | 17326YER3
|
© 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.