Published on 7/11/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $8.13 million 14-month capped gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., July 11 – Citigroup Global Markets Holdings Inc. priced $8.13 million of 0% capped 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 3 times the index return, subject to a maximum gain of 12.9%. If the index return is negative, investors will be exposed to the index’s decline.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Capped gears
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Underlying index: | S&P 500 index
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Amount: | $8,129,790
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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 3 times any index gain, return capped at 12.9%; full exposure to any losses
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Initial level: | 2,723.06
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Pricing date: | June 26
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Settlement date: | June 29
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Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17326K882
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