By Wendy Van Sickle
Columbus, Ohio, Aug. 13 – Citigroup Global Markets Holdings Inc. priced $1.42 million of 0% buffer securities due Jan. 5, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The initial index levels will be the average of the closing levels of each index on each trading day through Nov. 4.
The payout at maturity will be par plus 99.43% of any return of the laggard index above 89% of its initial level, up to a maximum payout of par plus 29.83%.
If the laggard index falls by more than 11% but not by more than 21%, the payout will be par.
Investors will be exposed to declines in the laggard index beyond 21%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying index: | S&P 500, Russell 2000
|
| Amount: | $1,417,000
|
| Maturity: | Jan. 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 99.43% of any laggard index return above 89% of its initial level, up to a maximum payout of par plus 29.83%; par if laggard index falls by more than 11% but not more than 21%; exposure to losses beyond 21%
|
| Initial index levels: | Average of closing levels of each index on each trading day through Nov. 4
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 13
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17327TZA7
|
|
|
© 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.
