New York, Nov. 18 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% buffered jump securities due Nov. 24, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 10.35%. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered jump securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $10 million
|
| Maturity: | Nov. 24, 2023
|
| Coupon: | 0%
|
| Price: | $10.00
|
| Payout at maturity: | If index return is positive, par plus 10.35%; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
|
| Initial level: | 3,992.93
|
| Upside payment: | 10.35%
|
| Buffer: | 20%
|
| Pricing date: | Nov. 11
|
| Settlement date: | Nov. 16
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.25% including a structuring fee of 0.1%
|
| Cusip: | 17330X789
|
|
|
|
|
© 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.
