By Sarah Lizee
Olympia, Wash., June 4 – Citigroup Global Markets Holdings Inc. priced $210,000 of 0% buffer securities due Dec. 3, 2020 linked to the SPDR S&P 500 ETF trust, 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 150% of any ETF gain, capped at par plus 12%.
Investors will receive par if the ETF falls by up to 5%.
If the ETF falls by more than 5%, investors will receive a number of shares of the underlying ETF equal to $1,000 divided by the initial price (or, at the issuer’s option, the cash value of those shares) plus a cash buffer of $50 per $1,000 principal amount.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying ETF: | SPDR S&P 500 ETF trust
|
| Amount: | $210,000
|
| Maturity: | Dec. 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any ETF gain, capped at par plus 12%; par if the ETF falls by up to 5%; if the ETF falls by more than 5%, 3.56952 shares of the ETF (or, at the issuer’s option, the cash value of those shares) plus a cash buffer of $50 per $1,000 principal amount
|
| Initial value: | $280.15
|
| Buffer value: | $266.143, 95% of initial value
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17326Y7J9
|
© 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.
