Published on 2/13/2017 in the Prospect News Structured Products Daily.
New Issue: Citi prices $3.2 million upturn notes on financial, e-commerce stocks
By Marisa Wong
Morgantown, W.Va., Feb. 13 – Citigroup Global Markets Holdings Inc. priced $3.2 million of 0% upturn securities due Aug. 9, 2018 linked to an equally weighted basket of 10 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The basket stocks are PayPal Holdings, Inc., VeriFone Systems, Inc., Fidelity National Information Services, Inc., Capital One Financial Corp., Discover Financial Services, Visa Inc., FleetCor Technologies, Inc., Blackhawk Network Holdings, Inc., Amazon.com, Inc. and Alibaba Group Holding Ltd.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 200% of the basket return, subject to a maximum return of 17.5%. If the final basket level is less than the initial basket level, investors will be fully exposed to the decline.
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: | Upturn securities
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| Underlying stocks: | PayPal Holdings, Inc. (Nasdaq: PYPL), VeriFone Systems, Inc. (NYSE: PAY), Fidelity National Information Services, Inc. (NYSE: FIS), Capital One Financial Corp. (NYSE: COF), Discover Financial Services (NYSE: DFS), Visa Inc. (NYSE: V), FleetCor Technologies, Inc. (NYSE: FLT), Blackhawk Network Holdings, Inc. (Nasdaq: HAWK), Amazon.com, Inc. (Nasdaq: AMZN) and Alibaba Group Holding Ltd. (NYSE: BABA); equally weighted
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| Amount: | $3.2 million
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| Maturity: | Aug. 9, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket gains, par plus 200% of the return, capped at 17.5%; full exposure to losses
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| Initial prices: | $39.31 for PayPal, $18.12 for VeriFone, $79.02 for Fidelity, $87.51 for Capital One, $68.77 for Discover, $82.44 for Visa, $146.34 for FleetCor, $35.95 for Blackhawk, $832.35 for Amazon, $101.57 for Alibaba
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| Strike date: | Feb. 1
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 10
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17324CEY8
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