New Issue: Citigroup sells $405,000 buffered digital securities on S&P 500

By Taylor Fox

New York, Dec. 30 – Citigroup Global Markets Holdings Inc. priced $405,000 of 0% buffered digital securities due Nov. 24, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the index is greater than or equal to initial level, the payout at maturity will be par plus 15.75%. If the final level is less than the initial value, but greater than or equal to the buffer value, 83% of the initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 17%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered digital securities
Underlying index:	S&P 500 index
Amount:	$405,000
Maturity:	Nov. 24, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than its initial level, par plus 15.75%; if the final level is less than the initial value, but greater than or equal to the buffer value, the payout will be par; otherwise, 1% loss for every 1% decline beyond 17%
Initial index level:	3,581.87
Buffer level:	83% of initial level
Pricing date:	Nov. 20
Settlement date:	Nov. 25
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17328Y4V3

© 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.