New Issue: Citi sells $40,000 buffered digital securities on S&P, Russell

By Kiku Steinfeld

Chicago, Oct. 23 – Citigroup Global Markets Holdings Inc. priced $40,000 of 0% buffered digital securities due Oct. 5, 2022 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above 75% of its initial level, the payout at maturity will be par plus the digital return amount of 12.15%. Investors will be exposed to losses of the worse performing index beyond the 25% buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered digital securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$40,000
Maturity:	Oct. 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 75% of its initial level, par plus 12.15%; exposure to any losses of the worse performing index beyond 25%
Initial levels:	2,976.74 for S&P, 1,523.373 for Russell
Buffer levels:	2,232.555 for S&P, 1,142.530 for Russell; 75% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17327TCG9

© 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.