By Sarah Lizee
Olympia, Wash., March 13 – Citigroup Global Markets Holdings Inc. priced $370,000 of 0% buffered notes due March 25, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus the fund gain, up to a 17.25% maximum gain.
If the final share price is less than the initial share price but is greater than or equal to the buffer price, 90% of the initial share price, the payout will be par.
If the final share price is less than the buffer price, investors will lose 1.1111% for every 1% that the ETF declines beyond 10%.
Citigroup Global Markets Holdings Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $370,000
|
| Maturity: | March 25, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above initial share price, par plus the gain, capped at 17.25% maximum gain; if ETF falls by up to 10%, par; 1.1111% loss for every 1% that ETF declines by more than 10%
|
| Initial share price: | $41.64
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Agent: | Citigroup Global Markets Holdings Inc.
|
| Fees: | 1%
|
| Cusip: | 17326YEQ5
|
© 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.
