Published on 8/10/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.21 million leveraged notes with cap tied to S&P 500
By Susanna Moon
Chicago, Aug. 10 – Citigroup Inc. priced $3.21 million of 0% notes due May 14, 2018 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 double any index gain, up to a maximum settlement amount of $1,241 for each $1,000 principal amount.
Investors will be exposed to any losses.
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: | $3,211,000
|
| Maturity: | May 14, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index return, capped at 24.1%; exposure to any losses
|
| Initial level: | 2,180.89
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.29%
|
| Cusip: | 17324C7D2
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
