By Wendy Van Sickle
Columbus, Ohio, April 29 – Citigroup Global Markets Holdings Inc. priced $21.02 million of 0% buffered index-linked notes due Sept. 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 300% of any index gain, up to a maximum settlement amount of par plus 17.37%.
Investors will receive par if the index falls by up to the 7.5% buffer and will lose 1.0811% for each 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $21,018,000
|
| Maturity: | Sept. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum payment of par plus 17.37%; par if index falls by up to 7.5%; 1.0811% loss for every 1% decline in index beyond 7.5%
|
| Initial index level: | 5,010.6
|
| Buffer level: | 92.5% of initial level
|
| Pricing date: | April 22
|
| Settlement date: | April 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.04%
|
| Cusip: | 17331A4K4
|
|
|
© 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.
