Published on 5/9/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $550,000 market-linked notes on ETF, index basket
By Marisa Wong
Morgantown, W.Va., May 9 – Citigroup Global Markets Holdings Inc. priced $550,000 of 0% market-linked notes due Oct. 29, 2021 based on a basket of three underliers, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket components are the Dow Jones industrial average with a 33.34% weight, the Nikkei 225 index with a 33.33% weight and the iShares Core U.S. Aggregate Bond exchange-traded fund with a 33.33% weight.
If the basket return is positive, the payout at maturity will be par plus the basket gain.
Otherwise, the payout will be par.
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: | Market-linked notes
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Underlying basket: | Dow Jones industrial average (33.34% weight), Nikkei 225 index (33.33% weight) and iShares Core U.S. Aggregate Bond ETF (33.33% weight)
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Amount: | $550,000
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Maturity: | Oct. 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket return is positive, par plus the basket gain; otherwise, par
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Initial levels: | 17,990.32 for Dow, 17,353.28 for Nikkei, $110.35 for ETF
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Pricing date: | April 26
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Settlement date: | April 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17324C2G0
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