By Kiku Steinfeld
Chicago, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due Nov. 16, 2023 linked to the worst performing of the Energy Select Sector SPDR fund and the common stocks of JPMorgan Chase & Co. and Southwest Airlines Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 2.85 times the return of the worst performing asset if it finishes above its initial value.
If the worst performer finishes flat or declines by up to 25%, the payout will be par.
If the worst performer falls by more than 25%, investors will be fully exposed to the decline of that asset.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying assets: | Energy Select Sector SPDR fund, JPMorgan Chase & Co. and Southwest Airlines Co.
|
| Amount: | $1 million
|
| Maturity: | Nov. 16, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.85 times any gain in worst performing asset; par if worst performer finishes flat or falls by up to 25%; otherwise full exposure to decline of worst performer
|
| Initial values: | $34.13 for fund, $116.52 for JPMorgan Chase, $44.81 for Southwest
|
| Barrier values: | $25.598 for fund, $87.390 for JPMorgan Chase, $116.52 for Southwest; 75% of initial values
|
| Pricing date: | Nov. 11
|
| Settlement date: | Nov. 16
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.6%
|
| Cusip: | 17328WN87
|
|
|
|
|
© 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.
