Published on 2/26/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $775,000 market-linked notes on S&P 500, Russell 2000
By Marisa Wong
Morgantown, W.Va., Feb. 26 – Citigroup Global Markets Holdings Inc. priced $775,000 of 0% market-linked notes due March 26, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level of the worse performing index is greater than the initial level, the payout at maturity will be par plus 105% of the gain, capped at par plus 5.5%.
If the final level of the worse performing index is less than or equal to the initial level, the payout will be par plus the return, with full exposure to losses.
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 indexes: | S&P 500 index and Russell 2000 index
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Amount: | $775,000
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Maturity: | March 26, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level of the worse performing index is greater than the initial level, par plus 105% of the gain, capped at par plus 5.5%; if the final level of the worse performing index is less than or equal to the initial level, par plus the return, with full exposure to losses
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Initial levels: | 2,792.67 for S&P and 1,590.062 for Russell
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Pricing date: | Feb. 22
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Settlement date: | Feb. 27
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17326YFA9
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