By Devika Patel
Knoxville, Tenn., April 7 – Citigroup Global Markets Holdings Inc. priced $8.54 million of 0% buffered digital notes due Aug. 28, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund return is zero or positive, the payout at maturity will be $1,107.50 per $1,000 of notes.
If the fund declines but finishes above the 85% threshold level, the payout at maturity will be par.
Investors will lose 1.1765% for every 1% that it declines beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Buffered digital notes
|
Underlying fund: | Energy Select Sector SPDR
|
Amount: | $8.54 million
|
Maturity: | Aug. 28, 2018
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | If fund return is zero or positive, $1,107.50 per $1,000 of notes; if fund declines but finishes above the 85% threshold level, par; 1.1765% loss for every 1% that fund declines beyond 15%
|
Initial level: | $70.29
|
Threshold level: | $59.7465, 85% of initial level
|
Pricing date: | April 4
|
Settlement date: | April 11
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 1.16%
|
Cusip: | 17324CGU4
|
© 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.