New Issue: Citigroup prices $6.22 million buffered PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 4 – Citigroup Global Markets Holdings Inc. priced $6.22 million of 0% buffered Performance Leveraged Upside Securities due Dec. 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 20.5%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$6,217,750
Maturity:	Dec. 3, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 20.5% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	2,752.06
Pricing date:	May 31
Settlement date:	June 5
Underwriter:	Citigroup Global Markets Inc.
Selected dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	17327P575

© 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.