Published on 4/17/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $5.70 million 15-month PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., April 17 – Citigroup Global Markets Holdings Inc. priced $5,699,950 of 0% Performance Leveraged Upside Securities due July 6, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum payout of $11.38 per PLUS. Investors will lose 1% for each 1% decline.
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: | Performance Leveraged Upside Securities
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| Underlying index: | S&P 500 index
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| Amount: | $5,699,950
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| Maturity: | July 6, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus triple the index return, subject to a maximum payout of $11.38 per PLUS; full exposure to losses
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| Initial level: | 2,834.40
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| Pricing date: | March 29
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| Settlement date: | April 3
|
| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
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| Cusip: | 17326W514
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