Published on 7/23/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.84 million buffered index-linked notes on S&P 500
By Sarah Lizee
Olympia, Wash., July 23 – Citigroup Global Markets Holdings Inc. priced $4.84 million of 0% buffered index-linked notes due June 23, 2020 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.
The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,226.50 per $1,000 of notes.
Investors will receive par if the index falls by up to the 12.5% buffer and will lose 1.1429% for each 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,841,000
|
| Maturity: | June 23, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 150% of index return, subject to maximum payment of $1,226.50 per $1,000 principal amount; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline in index beyond 12.5%
|
| Initial index level: | 2,804.49
|
| Pricing date: | July 19
|
| Settlement date: | July 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17324CXV3
|
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