By Wendy Van Sickle
Columbus, Ohio, April 27 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% buffered notes due April 25, 2024 tied to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund return is positive, the payout at maturity will be par plus double the gain, up to a maximum payout of par plus 54.3%.
If the fund finishes flat or falls by up to 25%, investors will receive par. Investors will lose 1.3333% for every 1% decline beyond 25%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered notes
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $1 million
|
| Maturity: | April 25, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is positive, par plus two times the gain, up to a maximum payout of par plus 54.3%; if fund finishes flat or falls by up to 25%, par; otherwise, 1.3333% loss for every 1% decline beyond 25%
|
| Initial fund level: | $145.34
|
| Buffer level: | $109.005; 75% of initial level
|
| Pricing date: | April 21
|
| Settlement date: | April 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17330FDD0
|
|
|
|
|
© 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.
