Published on 4/12/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $980,000 market-linked notes tied to index basket
By Wendy Van Sickle
Columbus, Ohio, April 12 – Citigroup Global Markets Holdings Inc. priced $980,000 of 0% market-linked notes due April 14, 2022 linked to an equally weighted basket 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.
The payout at maturity will be par plus the basket return up to 20% Investors will be exposed to the first 5% of any loss, subject to a floor of 95% par.
Citigroup Global Markets Inc. is the underwriter.
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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 and Russell 2000 index; equally weighted
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Amount: | $980,000
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Maturity: | April 14, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain up to 20%, exposure to first 5% of any loss; floor of 95% of par
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Initial levels: | 2,888.21 for S&P, 1,581.551 for Russell
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Pricing date: | April 10
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Settlement date: | April 15
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17326YQL3
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