New Issue: Citigroup prices $500,000 buffer notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 6 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% buffer securities due Dec. 2, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 100.5% of the index return. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that it declines beyond 25%.

The note are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	S&P 500
Amount:	$500,000
Maturity:	Dec. 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 100.5% of index return; par if index declines by 25% or less; 1% loss for every 1% that index declines beyond 25%
Initial level:	3,140.52
Buffer value:	2,355.39, or 75% of initial level
Pricing date:	Nov. 26
Settlement date:	Dec. 2
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17327TTV8

© 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.