Published on 2/27/2018 in the Prospect News Structured Products Daily.
New Issue: Citi sells $4.48 million market-linked notes with cap, floor on indexes
By Susanna Moon
Chicago, Feb. 27 – Citigroup Global Markets Holdings Inc. priced $4.48 million of 0% market-linked notes due Feb. 11, 2021 linked to a weighted basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the Euro Stoxx 50 index, the S&P 500 index and the Nikkei 225 index, equally weighted.
The payout at maturity will be par plus 100% of any basket gain, up to a maximum return of 40%.
If the basket falls, the payout will be par plus the return with a minimum payout of 93% of par.
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: | Market-linked notes
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| Underlying basket: | Euro Stoxx 50 index, S&P 500 index and Nikkei 225 index
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| Amount: | $4,475,000
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| Maturity: | Feb. 11, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus basket return, capped at 40% and floor of 93% of par
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| Initial levels: | 3,454.52 for Stoxx, 2,681.66 for S&P, 21,645.37 for Nikkei
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17324CRE8
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