By Sarah Lizee
Olympia, Wash., Sept. 6 – Citigroup Global Markets Holdings Inc. priced $8.92 million of 0% trigger Performance Leveraged Upside Securities due Sept. 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 8 times the gain up to maximum return of $6.85 per $10.00 PLUS.
If the index falls by up to the trigger level, 90% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,917,400
|
| Maturity: | Sept. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 800% of any index gain, capped at 68.5%; if index falls by up to trigger, par; otherwise, 1% loss per 1% decline
|
| Initial level: | 3,392.90
|
| Trigger level: | 3,053.61, 90% of initial index level
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 17326X132
|
© 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.
