Published on 12/28/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.11 million market-linked notes on index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 28 – Citigroup Global Markets Holdings Inc. priced $1.11 million of 0% market-linked notes due Dec. 23, 2022 linked to a weighted basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the Euro Stoxx 50 index with a 25% weight, the S&P 500 index with a 25% weight and the iShares iBoxx High Yield Corporate Bond ETF with a 50% weight.
The payout at maturity will be par plus 100% of any basket 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: | Euro Stoxx 50 index with a 25% weight, S&P 500 index with a 25% weight and iShares iBoxx High Yield Corporate Bond ETF with a 50% weight
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Amount: | $1,113,000
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Maturity: | Dec. 23, 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; par if basket declines
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Initial levels: | 3,552.65 for Euro Stoxx, 2,679.25 for S&P, $87.19 for ETF
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Pricing date: | Dec. 20
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Settlement date: | Dec. 26
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17324CPJ9
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