New Issue: Citigroup prices $2.03 million barrier digital plus securities on Stoxx indexes

By Wendy Van Sickle

Columbus, Ohio, June 10 – Citigroup Global Markets Holdings Inc. priced $2.03 million of 0% barrier digital plus securities due June 10, 2027 linked to the worst performing of the Stoxx Europe 600 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If each index finishes at or above the initial level, the payout at maturity will be par plus the greater of the least performing index’s gain and the fixed return of 62%.

If either index falls but finishes above the 70% barrier level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying indexes:	Stoxx Europe 600 index, Euro Stoxx 50 index
Amount:	$2,025,000
Maturity:	June 10, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each final index level is greater than or equal to initial levels, par plus greater of least performing index’s return and 62%; par if either index falls by up to 30%; otherwise, full exposure to worst performing index’s decline from initial level
Initial levels:	444.12 for Stoxx Europe 600, 3,838.42 for Euro Stoxx 50
Barrier levels:	310.884 for Stoxx Europe 600, 2,686.894 for Euro Stoxx 50; 70% of initial levels
Pricing date:	June 6
Settlement date:	June 9
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.75%
Cusip:	17330PAB5

© 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.