Published on 7/12/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $863,000 market-linked notes on index, ETF basket
By Marisa Wong
Morgantown, W.Va., July 12 – Citigroup Global Markets Holdings Inc. priced $863,000 of 0% market-linked notes due July 1, 2021 linked to an equally weighted basket of two indexes and an exchange-traded fund, 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 iShares MSCI Emerging Markets ETF.
The payout at maturity will be par plus any basket gain, capped at 30%.
If the basket falls, the payout will be par plus the basket return, subject to a minimum payout of 90% of par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying basket: | S&P 500 index, Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF; equally weighted
|
| Amount: | $863,000
|
| Maturity: | July 1, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 30%; if basket falls, par plus basket return, subject to floor of 90% of par
|
| Initial level: | 2,723.06 for S&P, 3,368.72 for Stoxx and $43.16 for EM ETF
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17324CVD5
|
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