Published on 7/30/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $535,000 enhanced barrier digital notes on ETFs
By Wendy Van Sickle
Columbus, Ohio, July 30 – Citigroup Global Markets Holdings Inc. priced $535,000 of 0% enhanced barrier digital securities due Jan. 24, 2020 linked to the worst performing of the SPDR S&P Oil & Gas Exploration & Production ETF and the VanEck Vectors Gold Miners, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final level of the lesser-performing ETF is greater than or equal to its barrier level, 70% of its initial level, the payout at maturity will be par plus 15%. Otherwise, investors will be fully exposed to the decline of the lesser-performing ETF from its initial level.
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: | Enhanced barrier digital securities
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Underlying ETFs: | SPDR S&P Oil & Gas Exploration & Production, VanEck Vectors Gold Miners
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Amount: | $535,000
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Maturity: | Jan. 24, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of the lesser-performing ETF is greater than or equal to its barrier level, par plus 15%; otherwise, investors will be fully exposed to the decline of the lesser-performing ETF from its initial level
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Initial levels: | $42.50 for Oil and Gas, $21.78 for Gold Miners
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Barrier levels: | $29.750 for Oil and Gas, $15.246 for Gold Miners; 70% of initial levels
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Pricing date: | July 20
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Settlement date: | July 25
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.7%
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Cusip: | 17324XLB4
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