Published on 3/13/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.44 million buffered notes linked to MSCI EAFE
By Marisa Wong
Morgantown, W.Va., March 13 – Citigroup Global Markets Holdings Inc. priced $1.44 million of 0% buffered notes due July 31, 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 150% of the index return, subject to a maximum settlement amount of $1,160.50 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.
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Guarantor: | Citigroup Inc.
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Issue: | Buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $1,436,000
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Maturity: | July 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial level, par plus 150% of index return, subject to maximum settlement amount of $1,160.50 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%
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Initial index level: | 1,746.18
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Pricing date: | March 8
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Settlement date: | March 15
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17324CFU5
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