Published on 4/16/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.2 million market-linked notes on S&P, Stoxx, Nikkei
By Marisa Wong
Morgantown, W.Va., April 16 – Citigroup Global Markets Holdings Inc. priced $1.2 million of 0% market-linked notes due April 1, 2021 linked to an equally 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 S&P 500 index, the Euro Stoxx 50 index and the Nikkei 225 index.
The payout at maturity will be par plus any basket gain, capped at par plus 40%. If the basket falls, investors will be exposed to the decline, subject to a minimum payout of 90% 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: | S&P 500 index, Euro Stoxx 50 index and Nikkei 225 index, equally weighted
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| Amount: | $1.2 million
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| Maturity: | April 1, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any basket gain, capped at par plus 40%; exposure to losses, subject to floor of 90% of par
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| Initial levels: | 2,612.62 for S&P 500, 3,316.95 for Euro Stoxx, 21,317.32 for Nikkei
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| Pricing date: | March 27
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| Settlement date: | April 2
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17324CSX5
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