Published on 5/31/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.58 million 0.4% notes linked to indexes, bond ETF
By Angela McDaniels
Tacoma, Wash., May 31 – Citigroup Global Markets Holdings Inc. priced $1.58 million of 0.4% market-linked notes due Dec. 1, 2021 linked to a basket consisting of the S&P 500 index with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the iShares Core U.S. Aggregate Bond ETF with a 33.33% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the average basket return percentage is positive, the payout at maturity will be par plus the average basket return percentage. If the average basket return percentage is zero or negative, the payout will be par.
The average basket return percentage will be the average of the basket returns on each of the quarterly valuation dates from Aug. 25, 2016 to Nov. 25, 2021.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying basket: | S&P 500 index (33.34% weight), Euro Stoxx 50 index (33.33% weight) and iShares Core U.S. Aggregate Bond ETF (33.33% weight)
|
| Amount: | $1,577,000
|
| Maturity: | Dec. 1, 2021
|
| Coupon: | 0.4%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | If average basket return percentage is positive, par plus average basket return percentage; if average basket return percentage is zero or negative, par; average basket return percentage will be average of basket returns on each quarterly valuation date from Aug. 25, 2016 to Nov. 25, 2021
|
| Initial level: | 2,090.54 for S&P 500, 3,061.60 for Euro Stoxx 50 and $110.48 for ETF
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324C3D6
|
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