Published on 5/27/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.38 million notes linked to indexes, bond ETF
By Angela McDaniels
Tacoma, Wash., May 27 – Citigroup Global Markets Holdings Inc. priced $1.38 million of 0% market-linked notes due May 27, 2021 linked a basket consisting of the iShares Core U.S. Aggregate Bond ETF with a 50% weight, the Euro Stoxx 50 index with a 25% weight and the S&P 500 index with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the basket return is positive, the payout at maturity will be par plus the basket return. If the basket return is zero or negative, the payout will be par.
Citigroup Global Markets Inc. is the agent.
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: | iShares Core U.S. Aggregate Bond ETF (50% weight), Euro Stoxx 50 index (25% weight) and S&P 500 index (25% weight)
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Amount: | $1,377,000
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Maturity: | May 27, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus basket return; if basket return is zero or negative, par
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Initial level: | $110.46 for bond ETF, 3,010.12 for Euro Stoxx 50 and 2,076.06 for S&P 500
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Pricing date: | May 24
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Settlement date: | May 27
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17324C3E4
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