New Issue: Citigroup prices $3.65 million equity index basket-linked notes

By William Gullotti

Buffalo, N.Y., July 31 – Citigroup Global Markets Holdings Inc. priced $3.65 million of 0% equity index basket-linked notes due Jan. 28, 2025 linked to an unequally 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 Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.

If the basket return is flat or positive, the payout will be par plus 200% of the basket return, subject to a maximum settlement amount of par plus 35.26%.

Investors will be fully exposed to any basket decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity index basket-linked notes
Underlying basket:	Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight), S&P/ASX 200 (9% weight)
Amount:	$3.65 million
Maturity:	Jan. 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is zero or positive, par plus 200% of the return, capped at par plus 35.26%; otherwise, 1% loss for every 1% decline of the basket from initial level
Initial index levels:	4,383.03 for Stoxx, 2,281.18 for Topix, 7,678.59 for FTSE, 11,177.68 for Swiss Market, 7,306.411 for S&P/ASX
Pricing date:	July 24
Settlement date:	July 31
Agent:	Citigroup Global Markets Inc.
Fees:	1.51%
Cusip:	17291RJ60

© 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.