New Issue: Citigroup prices $4.25 million barrier securities linked to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Citigroup Global Markets Holdings Inc. priced $4.25 million of 0% barrier securities due Jan. 2, 2019 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets 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 double any gain of the worse performing asset up to a 50% maximum return.

If the worse performing asset falls by up to 30%, the payout will be par; otherwise, investors will be fully exposed to the decline of the lesser performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying assets:	Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
Amount:	$4.25 million
Maturity:	Jan. 2, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any gain of worse performing asset up to a 50% maximum return; par if worse performer falls by up to 30%; otherwise, full exposure to loss of lesser performing asset
Initial levels:	3,278.53 for index, $34.43 for ETF
Barrier price:	2,294.971 for index, $24.101 for ETF, 70% of initial levels
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.25%
Cusip:	17324CDR4

© 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.