Chicago, April 13 – Citigroup Global Markets Holdings Inc. priced $1.14 million of 0% enhanced barrier digital plus securities due April 28, 2021 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 80% barrier level, the payout at maturity will be par plus 22%.
Otherwise, investors will receive a fixed number of shares of the underlying equal to the equity ratio or a cash equivalent.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Enhanced barrier digital plus securities
|
| Underlying fund: | Financial Select Sector SPDR 500
|
| Amount: | $1,140,000
|
| Maturity: | April 28, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund finishes at or above 80% barrier, par 22%; otherwise, 56.62514 shares or cash equal to the value of those shares
|
| Initial price: | $17.66
|
| Barrier: | $14.128, 80% of initial price
|
| Pricing date: | March 23
|
| Settlement date: | March 26
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17324XH29
|
|
|
© 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.
