By Wendy Van Sickle
Columbus, Ohio, June 5 – Citigroup Global Markets Holdings Inc. priced $869,000 of 0% enhanced barrier digital plus securities due June 3, 2025 linked to the SPDR Dow Jones Industrial Average ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the final barrier value, 80% of the initial share price, the payout at maturity will be par plus the greater of the ETF return and 12%.
If the final share price is less than the final barrier value, the payout will be a number of ETF shares equal to $1,000 divided by the initial share price.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Enhanced barrier digital plus securities
|
Underlying ETF: | SPDR Dow Jones Industrial Average ETF trust
|
Amount: | $869,000
|
Maturity: | June 3, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final share price is greater than or equal to final barrier value, par plus greater of ETF return and 12%; if final share price is less than final barrier value, 3.93252 ETF shares
|
Initial share price: | $254.29
|
Final barrier value: | $203.432, or 80% of initial share price
|
Pricing date: | May 29
|
Settlement date: | June 3
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 3%
|
Cusip: | 17324XZA1
|
|
© 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.