By Wendy Van Sickle
Columbus, Ohio, March 22 – Citigroup Global Markets Holdings Inc. priced $1.71 million of 0% buffer securities due Feb. 20, 2026 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 index, each with equal weights.
The payout at maturity will be par plus any positive return of the basket.
If the basket falls by up to 25%, the payout will be par. Investors will be exposed to declines in the basket below 25%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Buffer securities
|
Underlying basket: | Russell 2000 index, Euro Stoxx 50 index S&P 500 index; equal weights
|
Amount: | $1,706,000
|
Maturity: | Feb. 20, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any positive basket return; par if basket falls by up to 25%; lose 1% for every 1% decline of basket beyond 25%
|
Initial levels: | 3,885.32 for Stoxx, 4,411.67 for S&P, 2,065.019 for Russell
|
Buffer level: | 75% of initial levels
|
Pricing date: | March 17
|
Settlement date: | March 22
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 0.25%
|
Cusip: | 17330AX49
|
|
© 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.