Published on 6/5/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $3.93 million market-linked notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, June 5 – Citigroup Global Markets Holdings Inc. priced $3.93 million of 0% market-linked notes due Dec. 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than the upside knock-out level, 111% of the initial level, the payout at maturity will be par plus 1.5%. If the final level is less than the upside knock-out level, but greater than the initial level, the payout will be par plus any index gain. If the index finishes below its initial level but above the downside knock-out level, 89% of the initial level, the payout will be par plus the absolute value of the return. If the final index level is below the downside knock-out level, the payout will be par plus 1.5%.
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: | Market-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $3,927,000
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Maturity: | Dec. 3, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than upside knock-out level, par plus 1.5%; if final level is less than the upside knock-out level, but greater than initial level, par plus index gain; if index finishes below initial level but above the downside knock-out level, par plus the absolute value of return; if final index level is below downside knock-out level, par plus 1.5%
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Initial level: | 3,428.14
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Upside knock-out level: | 3,805.235; 111% of initial level
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Downside knock-out level: | 3,051.045; 89% of initial level
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Pricing date: | May 29
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Settlement date: | May 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 17324CV94
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