Published on 9/27/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $6.82 million trigger callable yield notes linked to three indexes
By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – Citigroup Global Markets Holdings Inc. priced $6.82 million of 5.66% trigger callable yield notes due Sept. 29, 2021 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be guaranteed by Citigroup Inc.
The notes are callable at par on any quarterly call date.
The payout at maturity will be par of $10 unless any index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Trigger callable yield notes
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Underlying indexes: | S&P 500, Russell 2000, Euro Stoxx 50
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Amount: | $6,818,000
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Maturity: | Sept. 29, 2021
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Coupon: | 5.66%, payable quarterly
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Price: | Par of $10
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Call option: | At par on any quarterly call date
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Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, full exposure to any losses of worst performing index
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Initial levels: | 3,410.44 for Stoxx, 1,705.318 for Russell and 2,919.37 for S&P
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Trigger levels: | 2,046.264 for Stoxx, 1,023.191 for Russell and 1,751.62 for S&P; 60% of initial levels
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Pricing date: | Sept. 24
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Settlement date: | Sept. 27
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.35%
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Cusip: | 17326X827
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