New Issue: Citi prices $538,000 market-linked notes due 2023 tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Citigroup Global Markets Holdings Inc. priced $538,000 of 0% market-linked notes due Feb. 3, 2023 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the worse performing index is greater than the initial level, the payout at maturity will be par plus the return of that index, up to a maximum payout of par plus 20%.

If the final level of the worse performing index is less than or equal to the initial level, the payout will be par plus the return of that index, 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 indexes:	S&P 500 index, Russell 2000 index
Amount:	$538,000
Maturity:	Feb. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain of worse performing index, up to maximum of par plus 20%; if worse performing index falls, exposure to first 5% of losses
Initial index levels:	3,225.52 for S&P, 1,614.061 for Russell
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17327T3P9

© 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.