New Issue: Citigroup prices $14.79 million buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 20 – Citigroup Global Markets Holdings Inc. priced $14.79 million of 0% buffered index-linked notes due Aug. 17, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index closes above its initial level, the payout at maturity will be par plus1.5 times the gain, up to $1,138.90 per $1,000 note.

If the index finishes flat or falls by up to 7%, investors will receive par. Otherwise, investors will lose 1.0753% for every 1% decline of the index beyond 7%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$14,794,000
Maturity:	Aug. 17, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes above initial level, par plus 1.5 times gain, up to $1,138.90 per $1,000 note; if index finishes flat or falls by up to buffer level, par; 1.0753% loss for every 1% decline of index beyond buffer
Initial index level:	3,370.29
Buffer level:	93% of initial level
Pricing date:	Feb. 18
Settlement date:	Feb. 25
Agent:	Citigroup Global Markets Inc.
Fees:	1.09%
Cusip:	17327T7H3

© 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.