By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $875,000 of 0.75% market-linked notes due May 1, 2023 linked to a weighted basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The basket components are the S&P 500 index with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the iShares iBoxx $ High Yield Corporate Bond ETF with a 33.33% weight.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus any basket gain.
If the basket falls, the payout will be par. In each case, the final coupon will also be paid.
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 (33.34% weight), Euro Stoxx 50 index (33.33% weight) and iShares iBoxx $ High Yield Corporate Bond ETF (33.33% weight)
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Amount: | $875,000
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Maturity: | May 1, 2023
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Coupon: | 0.75%, payable semiannually
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Price: | Par
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Payout at maturity: | Par plus any basket gain plus final coupon; par plus final coupon if basket declines
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Initial levels: | 2,560.40 for S&P, 3,637.20 for Euro Stoxx, $88.23 for iBoxx
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17324CMQ6
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