By Wendy Van Sickle
Columbus, Ohio, May 4 – Citigroup Global Markets Holdings Inc. priced $1.81 million of 0% dual directional barrier securities due Oct. 27, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s final level is greater than its initial level, the payout at maturity will be par plus 1.2 times the index’s return, subject to a maximum payout of par plus 82%.
If the index’s final level is less than or equal to its initial level but greater than or equal to its final barrier level, 75% of its initial level, the payout will be par plus the absolute value of the index’s return.
Otherwise, investors will have full exposure to loss.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Dual directional barrier securities
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Underlying index: | S&P 500 index
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Amount: | $1,807,000
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Maturity: | Oct. 27, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index’s final level is greater than or equal to initial level, par plus 1.2 times the index’s return, subject to 82% cap; if the index’s final level is less than initial level but greater than or equal to final barrier level, par plus absolute value of the index’s return; otherwise, full exposure to loss
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Initial level: | 4,271.78
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Final barrier level: | 3,203.835; 75% of initial index level
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Pricing date: | April 22
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Settlement date: | April 27
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17330FX46
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