By William Gullotti
Buffalo, N.Y., Oct. 1 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% buffered digital notes due Sept. 22, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the index is greater than or equal to its final buffer value, 66.5% of its initial level, the payout at maturity will be par plus 5%.
Otherwise, investors will lose 1.5038% for every 1% that the index declines beyond 33.5%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,000,000
|
| Maturity: | Sept. 22, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to 66.5% of its initial level, par plus 5%; if the index falls by more than 33.5%, 1.5038% loss for every 1% decline beyond 33.5%
|
| Initial index level: | 4,357.73
|
| Buffer value: | 66.5% of initial level
|
| Strike date: | Sept. 20
|
| Pricing date: | Sept. 21
|
| Settlement date: | Sept. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.33%
|
| Cusip: | 17329QUJ7
|
|
|
© 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.
