New Issue: Citigroup prices $1.15 million buffered notes on iShares Silver Trust

Chicago, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $1.15 million of 0% buffered notes due May 4, 2022 tied to the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the fund return is positive, the payout at maturity will be par plus the gain, up to a maximum payout of par plus 26.25%.

If the fund finishes flat or falls by up to 10%, investors will receive par. Investors will lose 1.1111% for every 1% decline beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered notes
Underlying ETF:	iShares Silver Trust
Amount:	$1,150,000
Maturity:	May 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus the gain, up to a maximum payout of par plus 26.25%; if fund finishes flat or falls by up to 10%, par; otherwise, 1.1111% loss for every 1% decline beyond 10%
Initial fund level:	$23.51
Buffer level:	$21.159; 90% of initial level
Pricing date:	April 16
Settlement date:	April 21
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17329FEZ3

© 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.