New Issue: Citigroup prices $40.22 million capped airbag gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 29 – Citigroup Global Markets Holdings Inc. priced $40.22 million of 0% capped airbag gears due June 27, 2024 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 index return is positive, the payout at maturity will be par plus 3 times the index return, subject to a maximum gain of 29.5%. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% that the index may decline beyond 15%.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Capped airbag gears
Underlying index:	S&P 500 index
Amount:	$40,221,500
Maturity:	June 27, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times the index return, subject to a maximum gain of 29.5%; par if the index falls by up to 15%; 1.1765% loss for each 1% that the index may decline beyond 15%
Initial level:	3,795.73
Downside threshold:	3,226.37; 85% of initial level
Pricing date:	June 23
Settlement date:	June 28
Agents:	Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:	None
Cusip:	17330N229

© 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.