By Wendy Van Sickle
Columbus, Ohio, April 29 – Citigroup Global Markets Holdings Inc. priced $1.35 million of 0% buffer autocallable securities due April 30, 2026 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.
After one year, the notes will be called at par plus an 8.5% annual premium if the index closes at or above its initial level on any annual call observation date.
If the notes are not called and the index has not declined, the payout at maturity will be par plus 51%. If the index falls by up to 10% of its initial level, the payout will be par. Otherwise, investors will be exposed to any losses of the index beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered autocallable securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,350,000
|
| Maturity: | April 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | After one year, par plus 8.5% per year if index closes at or above initial level on any annual call observation date
|
| Payout at maturity: | If index has not declined from initial level, par plus 51%; par if index declines by up to 10%; exposure to any losses beyond 10%
|
| Initial level: | 2,836.74
|
| Buffer level: | 2,553.066, 90% of initial level
|
| Strike date: | April 24
|
| Pricing date: | April 27
|
| Settlement date: | April 29
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.6%
|
| Cusip: | 17328VTA8
|
|
|
© 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.
