Published on 4/9/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $325,000 barrier securities linked to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, April 9 – Citigroup Global Markets Holdings Inc. priced $325,000 of 0% barrier securities due March 30, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 400% of any gain of the worse performing asset, capped at par plus 60%.
If the worse performing asset falls by up to 40%, the payout will be par; otherwise, investors will be fully exposed to the decline of the lesser performing asset.
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: | Barrier securities
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Underlying indexes: | S&P 500 index and Russell 2000
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Amount: | $325,000
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Maturity: | March 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 400% of any gain of worse performing asset, capped at par plus 60%; par if worse performer falls by up to 40%; otherwise, full exposure to loss of lesser performing asset
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Initial values: | 2,658.55 for S&P, 1,543.715 for Russell
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Barrier values: | 1,595.130 for S&P, 926.229 for Russell; 60% of initial values
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Pricing date: | March 26
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Settlement date: | March 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.125%
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Cusip: | 17324CSS6
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