New Issue: Citigroup prices $600,000 enhanced barrier digital notes linked to three funds

By Wendy Van Sickle

Columbus, Ohio, Oct. 7 – Citigroup Global Markets Holdings Inc. priced $600,000 of 0% enhanced barrier digital securities due July 26, 2022 linked to the least performing of the Consumer Discretionary Select Sector SPDR fund, the Financial Select Sector SPDR fund and the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the least-performing ETF is greater than or equal to its digital barrier level, 90% of its initial level, the payout at maturity will be par plus 11.75%. If the final level of the least-performing ETF is less than its digital barrier level, but greater than its final barrier level, 80% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least-performing underlying declines from its initial level.

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 securities
Underliers:	Consumer Discretionary Select Sector SPDR fund, Financial Select Sector SPDR fund and Technology Select Sector SPDR fund
Amount:	$600,000
Maturity:	July 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of least-performing underlying is greater than or equal to digital barrier level, par plus 11.75%; if final level of least-performing underlying is less than digital barrier level but not less than final barrier level, par; otherwise, 1% loss for every 1% that least-performing underlying declines from initial level
Initial levels:	$179.22 for Consumer, $35.98 for Financial and $150.43 for Technology
Digital barrier levels:	$161.298 for Consumer, $32.382 for Financial and $135.387 for Technology, or 90% of initial levels
Final barrier levels:	$143.376 for Consumer, $28.784 for Financial and $120.344 for Technology, or 80% of initial levels
Pricing date:	July 20
Settlement date:	July 23
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17329QKU3

© 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.