E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/6/2017 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $5.6 million buffered notes linked to MSCI EAFE

By Angela McDaniels

Tacoma, Wash., March 6 – Citigroup Global Markets Holdings Inc. priced $5.6 million of 0% buffered notes due Sept. 7, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The note are guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,140 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered notes
Underlying index:MSCI EAFE
Amount:$5.6 million
Maturity:Sept. 7, 2018
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to initial level, par plus 200% of index return, subject to maximum settlement amount of $1,140 per $1,000 principal amount of notes; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:1,758.48
Pricing date:March 2
Settlement date:March 9
Underwriter:Citigroup Global Markets Inc.
Fees:1.33%
Cusip:17324CFH4

© 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.