Citigroup to price buffered digital securities linked to S&P oil ETF

By Sarah Lizee

Olympia, Wash., June 13 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered digital securities due in 13 to 15 months linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final ETF level is greater than or equal to 80% of the initial level, the payout at maturity will be $1,099.50 to $1,116.70 per $1,000 of notes.

If the ETF falls by more than 20%, investors will lose 1.25% for every 1% that the ETF declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

The Cusip number is 17327TCA2.

© 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.