E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/22/2019 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $2.2 million buffered digital securities on S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 22 – Citigroup Global Markets Holdings Inc. priced $2.2 million of 0% buffered digital securities due Jan. 21, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index finishes above its initial level, the payout at maturity will be par plus the fixed return of 31.25%.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 10%.

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:$2.2 million
Maturity:Jan. 21, 2022
Coupon:0%
Price:Par
Payout at maturity:If the index gains, par plus 31.25%; if the index falls by up to 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
Initial index level:2,616.10
Buffer value:2,354.490, 90% of initial level
Pricing date:Jan. 16
Settlement date:Jan. 22
Underwriter:Citigroup Global Markets Inc.
Fees:2.5%
Cusip:17326YXB7

© 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.