New Issue: Citigroup prices $20.76 million buffered notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 14 – Citigroup Inc. priced $20.76 million of 0% buffered notes due Feb. 15, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 140% of the index return.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$20,761,000
Maturity:	Feb. 15, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return is positive, par plus 140% of the index return; par if the index declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
Initial level:	2,061.72
Pricing date:	April 12
Settlement date:	April 19
Agent:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17298CEF1

© 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.