New Issue: Citigroup prices $655,000 barrier digital plus notes linked to Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, Nov. 9 – Citigroup Global Markets Holdings Inc. priced $655,000 of 0% barrier digital plus securities due Oct. 31, 2025 linked to the lesser performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If each underlying index finishes at or above its initial level, the payout at maturity will be par plus greater of the digital return of 36.5% and the gain of the worse performing index.

If either underlying index falls by but not below its 70% barrier level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying assets:	Russell 2000 index, Dow Jones industrial average
Amount:	$655,000
Maturity:	Oct. 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus greater of return of worse performing index and 36.5%; if either index falls by up to 30%, par; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	1,543.275 for Russell, 26,519.95 for Dow
Barrier levels:	1,080.293 for Russell, 18,563.965 for Dow, 70% of initial levels
Pricing date:	Oct. 28
Settlement date:	Nov. 2
Agent:	Citigroup Global Markets Inc.
Fees:	1.125%
Cusip:	17328WU22

© 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.