Published on 6/10/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $10 million capped return enhanced notes on oil services ETF
By Wendy Van Sickle
Columbus, Ohio, June 10 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% capped return enhanced notes due June 10, 2025 linked to the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the fund return is positive, the payout at maturity will be par plus 5 times the fund gain, subject to a maximum return of 42.5%. If the fund return is negative, investors will have one-to-one exposure to the decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped return enhanced notes
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| Underlying fund: | VanEck Vectors Oil Services ETF
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| Amount: | $10 million
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| Maturity: | June 10, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund return is positive, par plus 5 times gain, return capped at 42.5%; if fund return is negative, one-to-one exposure to decline
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| Initial level: | $1,407.75
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| Pricing date: | June 5
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| Settlement date: | June 10
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.65%
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| Cusip: | 17328VLY4
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