New Issue: Citigroup prices $40.76 million buffered digital notes linked to S&P 50

By Marisa Wong

Morgantown, W.Va., Oct. 5 – Citigroup Global Markets Holdings Inc. priced $40.76 million of 0% buffered digital notes due Oct. 4, 2018 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index return is at least negative 15%, the payout at maturity will be the threshold settlement amount of $1,101.50 per $1,000 of notes.

If the index return is less than negative 15%, investors will lose 1.1765% for each 1% decline beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$40.76 million
Maturity:	Oct. 4, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is greater than or equal to negative 15%, $1,101.50 per $1,000 of notes; 1.1765% loss for every 1% decline beyond 15%
Initial index level:	2,161.20
Threshold level:	1,837.02, 85% of initial level
Pricing date:	Oct. 3
Settlement date:	Oct. 11
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.47%
Cusip:	17324CB54

© 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.