Chicago, May 7 – Citigroup Global Markets Holdings Inc. priced $2.16 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due May 4, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of par plus 24.5%.
Investors will receive par if the index declines but not more than 10%.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 10% buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and Wells Fargo Securities are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
Underlying index: | Russell 2000 index
|
Amount: | $2,159,000
|
Maturity: | May 4, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 1.5 times index return, subject to a maximum return of par plus 24.5%; par if index declines but not beyond buffer; otherwise, 1% loss for each 1% decline beyond buffer
|
Initial level: | 2,016.027
|
Buffer level: | 1,814.4243, 90% of initial level
|
Cap: | 24.5%
|
Pricing date: | April 29
|
Settlement date: | May 2
|
Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities
|
Fees: | 2.7%
|
Cusip: | 17331AXM8
|
|
© 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.