Published on 1/9/2019 in the Prospect News Structured Products Daily.
New Issue: Citi prices $4.34 million six-year barrier digital notes tied to Stoxx
By Susanna Moon
Chicago, Jan. 9 – Citigroup Global Markets Holdings Inc. priced $4.34 million of 0% barrier digital securities due Dec. 31, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes at or above its initial level, the payout at maturity will be par plus 99.5%.
If the index falls by up to its 60% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Barrier digital securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $4,339,000
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| Maturity: | Dec. 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 99.5%; if index falls by up 40%, par; otherwise, full exposure to any losses
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| Initial level: | 3,000.61
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| Barrier level: | 1,800.366, 60% of initial level
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17326YBX3
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