Published on 8/2/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.17 million 0.3% notes linked to indexes, bond ETF
By Angela McDaniels
Tacoma, Wash., Aug. 2 – Citigroup Global Markets Holdings Inc. priced $3.17 million of 0.3% market-linked notes due Feb. 2, 2022 linked to a basket consisting of the Dow Jones industrial average with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the iShares Core U.S. Aggregate Bond ETF with a 33.33% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable semiannually.
The basket return will be the average of the basket’s returns on the valuation dates, which occur quarterly beginning in October 2016.
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: | Dow Jones industrial average (33.34%), Euro Stoxx 50 index (33.33% weight) and iShares Core U.S. Aggregate Bond ETF (33.33% weight)
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Amount: | $3,165,000
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Maturity: | Feb. 2, 2022
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Coupon: | 0.3%, payable semiannually
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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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Basket return: | Average of basket’s returns on quarterly valuation dates
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Initial levels: | 18,456.35 for Dow, 2,966.10 for Euro Stoxx 50 and $112.72 for bond ETF
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Pricing date: | July 28
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Settlement date: | Aug. 2
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17324C6M3
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