Published on 9/25/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $105,000 market-linked notes on index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, Sept. 25 – Citigroup Global Markets Holdings Inc. priced $105,000 of 0% market-linked notes due Sept. 25, 2023 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 Stoxx Europe 600 index and the iShares iBoxx $ High Yield Corporate Bond ETF.
The payout at maturity will be par plus any basket gain. If the basket falls, investors will receive 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, Stoxx Europe 600 index and iShares iBoxx $ High Yield Corporate Bond ETF; equally weighted
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| Amount: | $105,000
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| Maturity: | Sept. 25, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any basket gain; if basket falls, par
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| Initial level: | 2,930.75 for S&P, 382.63 for Stoxx and $86.22 for ETF
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| Pricing date: | Sept. 20
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| Settlement date: | Sept. 25
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17326YTV8
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