Published on 9/7/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $4.95 million capped buffer gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 7 – Citigroup Global Markets Holdings Inc. priced $4.95 million of 0% capped buffer gears due Aug. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is greater than zero, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum gain of 12.25%. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index may decline beyond 10%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped buffer gears
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| Underlying index: | S&P 500
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| Amount: | $4,953,500
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| Maturity: | Aug. 30, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus two times index return, subject to 12.25% maximum gain; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
| Initial index level: | 2,444.24
|
| Downside threshold: | 2,199.816, 90% of initial level
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 2%
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| Cusip: | 17325K719
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