Published on 9/6/2017 in the Prospect News Structured Products Daily.
New Issue: Citi sells $495,000 market-linked notes on index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – Citigroup Global Markets Holdings Inc. priced $495,000 of 0% market-linked notes due Sept. 1, 2022 linked to an equally weighted basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index, the Euro Stoxx 50 index, the iShares MSCI Emerging Markets ETF, the iShares iBoxx $ High Yield Corporate Bond ETF and the iShares Core U.S. Aggregate Bond ETF.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus any basket gain, capped at 30%.
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.
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| Issue: | Market-linked notes
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| Underlying basket: | S&P 500 index, Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF, iShares iBoxx $ High Yield Corporate Bond ETF and iShares Core U.S. Aggregate Bond ETF, each with 20% weights
|
| Amount: | $495,000
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| Maturity: | Sept. 1, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any basket gain
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| Initial levels: | 2,446.30 for S&P, 3,388.22 for Euro Stoxx, $44.69 for Emerging Markets, $88.12 for iBoxx, $110.32 for Core U.S.
|
| Pricing date: | Aug. 29
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| Settlement date: | Sept. 1
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17324CLG9
|
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