Published on 4/11/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.16 million capped buffer gears on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., April 11 – Citigroup Global Markets Holdings Inc. priced $2.16 million of 0% capped buffer gears due Sept. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 18.5%.
Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline beyond 10%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Capped buffer gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,156,000
|
| Maturity: | Sept. 28, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, up to a maximum return of 18.5%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 3,475.27
|
| Downside threshold: | 3,127.743, 90% of initial level
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 17325E465
|
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