Published on 7/31/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.34 million notes linked to indexes, ETFs
By Angela McDaniels
Tacoma, Wash., July 31 – Citigroup Global Markets Holdings Inc. priced $1.34 million of 0% market-linked notes due Aug. 1, 2022 linked to an equally weighted basket consisting of the S&P 500 index, the Euro Stoxx 50 index, the iShares MSCI Emerging Markets exchange-traded fund, the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund and the iShares Core U.S. Aggregate Bond exchange-traded fund, 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, subject to a maximum return of 35%. 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: | S&P 500 index, Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF, iShares iBoxx $ High Yield Corporate Bond ETF and iShares Core U.S. Aggregate Bond ETF, equally weighted
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Amount: | $1.34 million
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Maturity: | Aug. 1, 2022
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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, subject to 35% maximum return; if basket return percentage is zero or negative, par
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Initial levels: | 2,475.42 for S&P 500, 3,493.14 for Euro Stoxx 50, $43.77 for emerging markets ETF, $88.90 for high-yield bond ETF and $109.48 for aggregate bond ETF
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Pricing date: | July 27
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Settlement date: | Aug. 1
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17324CKX3
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