Published on 5/1/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.3 million 0.75% market-linked notes on indexes, fund
By Susanna Moon
Chicago, May 1 – Citigroup Global Markets Holdings Inc. priced $1.3 million of 0.75% market-linked notes due Oct. 28, 2022 linked to a basket consisting of the S&P 500 index, the Euro Stoxx 50 index and the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund, about equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The payout at maturity will be par plus any basket gain.
If the basket falls, the payout will be par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked notes
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| Underlying basket: | S&P 500 index, Euro Stoxx 50 index and iShares iBoxx $ High Yield Corporate Bond ETF, equally weighted
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| Amount: | $1,296,000
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| Maturity: | Oct. 28, 2022
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| Coupon: | 0.75%, payable semiannually
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| Price: | Par
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| Payout at maturity: | Par plus any basket gain, floor of par
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| Initial levels: | 2,388.61 for S&P, 3,583.16 for Euro Stoxx and 88.17 for iShares iBoxx
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Underwriter: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3%
|
| Cusip: | 17324CGS9
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