New Issue: Citigroup sells $1.19 million buffer securities linked to index basket

By Kiku Steinfeld

Chicago, June 19 – Citigroup Global Markets Holdings Inc. priced $1.19 million of 0% buffer securities due Dec.10, 2020 linked to an unequally weighted basket of the Euro Stoxx 50 index with an 81% weight and the Swiss Market index with a 19% weight, 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 168% of any basket gain. Investors will receive par if the basket is flat or falls by up to 10% and will lose 1% for every 1% that the basket declines beyond the 10% buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying basket:	Euro Stoxx 50 index (81% weight), Swiss Market index (19% weight)
Amount:	$1,190,000
Maturity:	Dec. 10, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 168% of any basket gain; par if basket is flat or falls by up to 10%; 1% loss for every 1% decline beyond 10% buffer
Initial index levels:	$3,378.38 for Stoxx, $9,749.13 for Swiss
Pricing date:	June 7
Settlement date:	June 12
Agent:	Citigroup Global Markets Inc.
Fees:	0%
Cusip:	17326YK21

© 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.