By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% buffer securities due Aug. 30, 2021 linked to the iShares MSCI EAFE exchange-traded fund, 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 1.1175 times any fund gain. Investors will receive par if the fund falls by up to 20% and will lose 1% for every 1% that the fund declines beyond the 20% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $500,000
|
| Maturity: | Aug. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1175 times any fund gain; par if the fund falls by up to 20%; 1% loss for every 1% decline beyond 20% buffer
|
| Initial price: | $64.31
|
| Buffer price: | $51.448, 80% of initial price
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17326YFM3
|
|
|
|
|
© 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.
