Published on 5/5/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.47 million buffered notes linked to MSCI EAFE
By Marisa Wong
Morgantown, W.Va., May 5 – Citigroup Global Markets Holdings Inc. priced $1.47 million of 0% buffered notes due April 4, 2019 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par plus 1.4 times the index return, subject to a maximum settlement amount of $1,217 per $1,000 of notes. Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that the index declines beyond 12.5%.
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 index
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Amount: | $1,466,000
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Maturity: | April 4, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.4 times the index return, subject to a maximum settlement amount of $1,217 per $1,000 of notes; par if the index declines by 12.5% or less; 1.1429% loss for every 1% that the index declines beyond 12.5%
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Initial index level: | 1,836.11
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Pricing date: | April 25
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Settlement date: | May 2
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Agent: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17324CHU3
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