E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/17/2018 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $9.06 million 14-month capped gears on iShares MSCI EM

By Marisa Wong

Morgantown, W.Va., Sept. 17 – Citigroup Global Markets Holdings Inc. priced $9.06 million of 0% capped gears due Oct. 31, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 17.97%.

Investors will be fully exposed to any fund decline.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Capped gears
Underlying ETF:iShares MSCI Emerging Markets ETF
Amount:$9,057,300
Maturity:Oct. 31, 2019
Coupon:0%
Price:Par
Payout at maturity:Par plus triple any fund gain, up to a maximum return of 17.97%; full exposure to losses
Initial price:$43.83
Pricing date:Aug. 28
Settlement date:Aug. 31
Agents:Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:2%
Cusip:17326X678

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.