New Issue: Citigroup sells $125,000 barrier digital securities linked to S&P 500

By Kiku Steinfeld

Chicago, Oct. 25 – Citigroup Global Markets Holdings Inc. priced $125,000 of 0% barrier digital securities due Feb. 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 12.25%.

If the index finishes below its initial level but at or above its 70% downside threshold level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier digital securities
Underlying index:	S&P 500 index
Amount:	$125,000
Maturity:	Feb. 28, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above initial level, par plus 12.25%; if index finishes below initial level but at or above downside threshold, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
Initial level:	4,225.50
Downside threshold:	2,957.85; 70% of initial level
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17330ACP5

© 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.