Published on 7/10/2017 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.47 million 0.6% market-linked notes on index, ETF basket
By Marisa Wong
Morgantown, W.Va., July 10 – Citigroup Global Markets Holdings Inc. priced $1.47 million of 0.6% market-linked notes due Dec. 30, 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.
The notes are guaranteed by Citigroup Inc.
Interest is payable semiannually.
The payout at maturity will be par plus any basket gain.
If the basket falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying basket: | S&P 500 index (33.34% weight), Euro Stoxx 50 index (33.33% weight) and iShares iBoxx $ High Yield Corporate Bond ETF, (33.33% weight)
|
| Amount: | $1,465,000
|
| Maturity: | Dec. 30, 2022
|
| Coupon: | 0.6%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, floor of par
|
| Initial levels: | 2,419.38 for S&P, 3,538.32 for Euro Stoxx, $88.04 for ETF
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324CJR8
|
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