Published on 10/1/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $989,000 market-linked notes tied to index, ETF basket
By Sarah Lizee
Olympia, Wash., Oct. 1 – Citigroup Global Markets Holdings Inc. priced $989,000 of 0% market-linked notes due Sept. 30, 2021 linked to an equally weighted basket of two exchange-traded funds and an index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the SPDR Dow Jones Industrial Average ETF trust, 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 par plus 30%.
If the basket declines, the payout will be par plus the index return, subject to a floor of 90% of par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying basket: | SPDR Dow Jones Industrial Average ETF trust, Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $989,000
|
| Maturity: | Sept. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at par plus 30%; if the basket declines, par plus the index return, subject to a floor of 90% of par
|
| Initial level: | $264.73 for SPDR Dow Jones, 3,419.78 for Stoxx, $42.91 for iShares MSCI EM
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17326Y5Z5
|
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