Published on 9/11/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.28 million enhanced barrier digital notes on index, ETF
By Wendy Van Sickle
Columbus, Ohio, Sept. 11 – Citigroup Global Markets Holdings Inc. priced $1.28 million of 0% enhanced barrier digital securities due Sept. 1, 2022 linked to the worse performing of the Euro Stoxx Banks index and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final level of the lesser-performing asset is greater than or equal to its barrier level, 70% of its initial level, the payout at maturity will be par plus 50%. Otherwise, investors will be fully exposed to the decline of the lesser-performing asset from its initial level.
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: | Enhanced barrier digital securities
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Underlying assets: | Euro Stoxx Banks index, Energy Select Sector SPDR fund
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Amount: | $1,281,000
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Maturity: | Sept. 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of the lesser-performing asset is greater than or equal to its barrier level, par plus 50%; otherwise, investors will be fully exposed to the decline of the lesser-performing asset from its initial level
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Initial levels: | 106.7 for index, $75.23 for fund
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Barrier levels: | 74.69 for index, $52.661 for fund; 70% of initial levels
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Pricing date: | Aug. 29
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Settlement date: | Sept. 4
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17326YFS0
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