By Wendy Van Sickle
Columbus, Ohio, June 7 – Citigroup Global Markets Holdings Inc. priced $1.11 million of 0% enhanced buffered digital plus securities due June 7, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 85% threshold, the payout at maturity will be par plus the greater of the fixed return of 20% and any gain up to a maximum return of 50%.
Otherwise, investors will be exposed to any losses beyond the 15% buffer.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Enhanced buffered digital plus securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,105,000
|
| Maturity: | June 7, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level or falls by up to 15%, par plus greater of fixed return of 20% and any gain up to maximum return of 50%.; otherwise, investors will lose 1% for every 1% that the index declines beyond 15%
|
| Initial index level: | 2,439.07
|
| Pricing date: | June 2
|
| Settlement date: | June 7
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17324CJT4
|
|
|
© 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.
