Published on 3/22/2019 in the Prospect News Structured Products Daily.
New Issue: Citi sells $4.1 million 6.1% equity-linked notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, March 22 – Citigroup Global Markets Holdings Inc. priced $4.1 million of 6.1% equity-linked securities due Dec. 24, 2019 tied to the worst performing of 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.
Interest is payable monthly.
If the notes are not called and the final level of each index is at least 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the loss of the worst-performing index.
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: | Equity-linked securities
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Underlying indexs: | S&P 500, Russell 2000
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Amount: | $4.1 million
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Maturity: | Dec. 24, 2019
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Coupon: | 6.1%, payable monthly
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Price: | Par
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Payout at maturity: | Par if each index’s final level equal to its initial level or neither index has closed below 70% of initial level during life of notes; otherwise, full exposure to loss of worst-performing index
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Initial levels: | 2,832.57 for S&P, 1,554.985 for Russell
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Downside thresholds: | 1,982.799 for S&P, 1,088.49 for Russell, 70% of initial levels
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Pricing date: | March 19
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Settlement date: | March 22
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 17326YNV4
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