New Issue: Citigroup sells $1.33 million barrier securities linked to S&P, Dow

By Marisa Wong

Morgantown, W.Va., Feb. 20 – Citigroup Global Markets Holdings Inc. priced $1.33 million of 0% barrier securities due Feb. 17, 2023 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 140% of any gain of the worse performing asset.

If the worse performing asset falls by up to 50%, the payout will be par; otherwise, investors will be fully exposed to the decline of the lesser performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying indexes:	S&P 500 index and Dow Jones industrial average
Amount:	$1.33 million
Maturity:	Feb. 17, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any gain of worse performing asset; par if worse performer falls by up to 50%; otherwise, full exposure to loss of lesser performing asset
Initial values:	2,698.63 for S&P, 24,893.49 for Dow
Barrier values:	1,349.315 for S&P, 12,446.745 for Dow; 50% of initial values
Pricing date:	Feb. 14
Settlement date:	Feb. 20
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17324CRS7

© 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.