New Issue: Citigroup sells $705,000 market-linked notes tied to index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 17 – Citigroup Global Markets Holdings Inc. priced $705,000 of 0% market-linked notes due Dec. 15, 2022 linked to an unequally weighted basket composed of the S&P 500 index with a 50% weight, the iShares MSCI EAFE ETF with a 20% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the Russell 2000 index with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 65% of any basket gain. If the basket finishes flat or falls, the payout will be par plus the return, subject to a minimum payout of 95% of par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked notes
Underlying basket:	S&P 500 index (50% weight), iShares MSCI EAFE ETF (20% weight), iShares MSCI Emerging Markets ETF (20% weight) and Russell 2000 index (10% weight)
Amount:	$705,000
Maturity:	Dec. 15, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 65% of any basket gain; if basket finishes flat or falls, par plus the return, subject to a minimum payout of 95% of par
Initial levels:	3,168.57 for S&P, $69.18 for EAFE, $44.44 for Emerging Markets, 1,644.813 for Russell
Pricing date:	Dec. 12
Settlement date:	Dec. 17
Agent:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17327T3H7

© 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.