Published on 8/6/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $570,000 market-linked notes on index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, Aug. 6 – Citigroup Global Markets Holdings Inc. priced $570,000 of 0% market-linked notes due July 29, 2021 linked to an equally 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 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, subject to a maximum return of par plus 30%. If the basket falls, investors will be exposed to the loss, subject to a floor of 90% of par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
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| Underlying basket: | S&P 500 index, Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF; equally weighted
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| Amount: | $570,000
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| Maturity: | July 29, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, subject to a maximum return of par plus 30%; if basket finishes falls, exposure to loss with floor of 90% of par
|
| Initial level: | 2,837.44 for S&P, 3,509.26 for Stoxx and $44.53 for ETF
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17324CWX0
|
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