Published on 4/30/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.23 million market-linked notes on fund, two indexes
By Susanna Moon
Chicago, April 30 – Citigroup Global Markets Holdings Inc. priced $1.23 million of 0% market-linked notes due April 23, 2021 linked to a basket of two indexes and an exchange-traded fund, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the S&P 500 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF.
The payout at maturity will be par plus any basket gain, capped at 30%.
If the basket falls, the payout will be par plus the return with investors exposed to 10% of losses.
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 index: | S&P 500 index, Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF, equally weighted
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| Amount: | $1,228,000
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| Maturity: | April 23, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any basket gain, capped at 30%; if basket falls, par plus return floor of 90% of par
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| Initial level: | 2,670.14 for S&P, 3,494.20 for Stoxx and $47.26 for iShares MSCI EM
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| Pricing date: | April 20
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| Settlement date: | April 25
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17324CTE6
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