Citigroup plans dual directional buffer securities on S&P, Euro Stoxx

Chicago, Jan. 29 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional buffer securities due Feb. 29, 2024 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If each index finishes at or above the initial level, the payout at maturity will be par plus at least 160% of the return of the worse performing index. The exact participation rate will be set at pricing.

If either index falls by up to 30%, the payout at maturity will be par plus the absolute value of the return of the worst performing index.

If either index falls by more than 30%, investors will be fully exposed to any losses of the worse performing index beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17326YE28) are expected to price on Feb 25 and settle Feb. 28.

© 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.