New Issue: Citigroup prices $721,000 enhanced barrier digital plus notes on SPDR Dow Jones

By Kiku Steinfeld

Chicago, April 10 – Citigroup Global Markets Holdings Inc. priced $721,000 of 0% enhanced barrier digital plus securities due Dec. 20, 2027 linked to the SPDR Dow Jones industrial average ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above its 80% final barrier, then the payout at maturity will be par plus the greater of the 23% digital payment and the fund return. Otherwise, investors will be exposed to the losses of the ETF, payable in 3.00481 shares or cash at the option of the issuer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying fund:	SPDR Dow Jones industrial average ETF Trust
Amount:	$721,000
Maturity:	Dec. 20, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If fund finishes at or above its 80% final barrier, par plus the greater of the 23% digital return and the fund return; 1% loss for every 1% that fund declines if it finishes below its final barrier, payable in 3.00481 shares or cash at the option of the issuer
Initial level:	$332.80
Final barrier level:	$266.24, 80% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Agent:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	17331ABB6

© 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.