Published on 1/19/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $6.48 million PLUS linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – Citigroup Global Markets Holdings Inc. priced $6.48 million of 0% Performance Leveraged Upside Securities due May 3, 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 positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 11.3%. If the index return is negative, investors will be exposed to the decline.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management acting as distributor.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $6,477,750
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| Maturity: | May 3, 2019
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 11.3% maximum return; if index declines, full exposure to decline
|
| Initial index level: | 2,802.56
|
| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
|
| Agent: | Citigroup Global Markets Inc.
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 17326E498
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