New Issue: Citigroup prices $270,000 buffer securities linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., May 7 – Citigroup Global Markets Holdings Inc. priced $270,000 of 0% buffer securities due June 4, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final share price is greater than the initial share price, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of 13.24%. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$270,000
Maturity:	June 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than initial share price, par plus 200% of ETF return, subject to 13.24% maximum return; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
Initial share price:	$43.93
Final buffer value:	$39.537, 90% of initial share price
Pricing date:	April 30
Settlement date:	May 3
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.9%
Cusip:	17326YHD1

© 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.