Published on 8/2/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $6.95 million index-linked notes with cap on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 2 – Citigroup Inc. priced $6.95 million of 0% notes due Feb. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 60.5%.
Investors will receive par if the index declines or is flat.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $6,949,600
|
| Maturity: | Feb. 5, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus index return, up to 60.5% maximum return; par if index falls or is flat
|
| Initial index level: | 2,173.60
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17324P396
|
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