Published on 11/26/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.51 million enhanced barrier digital notes on two ETFs
By Wendy Van Sickle
Columbus, Ohio, Nov. 26 – Citigroup Global Markets Holdings Inc. priced $1.51 million of 0% enhanced barrier digital securities due Dec. 19, 2019 linked to the worst performing of the SPDR S&P Oil & Gas Exploration & Production ETF and the Energy Select Sector SPDR fund, 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, 69% of its initial level, the payout at maturity will be par plus 9%. 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, Energy Select Sector SPDR fund
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Amount: | $1,509,000
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Maturity: | Dec. 19, 2019
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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 9%; otherwise, investors will be fully exposed to the decline of the lesser-performing ETF from its initial level
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Initial levels: | $34.75 for Oil and Gas, $67.18 for Energy
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Barrier levels: | $23.978 for Oil and Gas, $46.354 for Energy; 69% of initial levels
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Pricing date: | Nov. 16
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Settlement date: | Nov. 21
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.825%
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Cusip: | 17326YTG1
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