By William Gullotti
Buffalo, N.Y., May 19 – Citigroup Global Markets Holdings Inc. priced $1 million of 11.25% buffered equity-linked securities due May 18, 2023 linked to the stock performance of salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
If the stock finishes at or above its initial level, the payout at maturity will be par plus the return, subject to a maximum payout of par plus 10%.
If the stock declines up to 5%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the stock beyond 5%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered equity-linked securities
|
| Underlying stock: | salesforce.com, inc.
|
| Amount: | $1 million
|
| Maturity: | May 18, 2023
|
| Coupon: | 11.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If the stock finishes at or above initial level, par plus return capped at 10%; if stock declines up to buffer level, par; otherwise, 1% loss for every 1% decline below buffer
|
| Initial level: | $158.26
|
| Buffer level: | $150.347; 95% of initial level
|
| Strike date: | May 12
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.2%
|
| Cusip: | 17330FZ79
|
|
|
© 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.
