Published on 7/12/2017 in the Prospect News Structured Products Daily.
New Issue: Citi sells $570,000 market-linked notes on index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, July 12 – Citigroup Global Markets Holdings Inc. priced $570,000 of 0% market-linked notes due July 1, 2022 linked to a basket consisting of the S&P 500 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, each with a 20% weight, and the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund, with a 40% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus any basket gain up to a 30% maximum gain.
If the basket falls, 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: | S&P 500 index (20% weight), Euro Stoxx 50 index (20% weight), iShares MSCI Emerging Markets ETF (20% weight ) and iShares iBoxx $ High Yield Corporate Bond ETF, (40% weight)
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Amount: | $570,000
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Maturity: | July 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain up to a maximum gain of 30%, floor of par
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Initial levels: | 2,440.69 for S&P, 3,535.70 for Euro Stoxx, $41.73 for Emerging Markets, $88.40 for iBoxx
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Pricing date: | June 28
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Settlement date: | July 3
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17324CKF2
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