Published on 4/22/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.61 million contingent absolute return notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, April 22 – Citigroup Global Markets Holdings Inc. priced $1.61 million of 0% contingent absolute return market-linked notes due April 22, 2021 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 final index level is less than the 86% downside knock-out level or greater than the 114% upside knock-out level, the payout at maturity will be par.
Otherwise, the payout will be par plus the absolute value of the index return.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent absolute return market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,614,000
|
| Maturity: | April 22, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If final index level is less than the downside knock-out level or greater than the upside knock-out level, par; otherwise, par plus the absolute value of the index return
|
| Initial level: | 2,900.45
|
| Upside knock-out level: | 3,306.513 114% of initial level
|
| Downside knock-out level: | 2,494.387, 86% of initial level
|
| Pricing date: | April 17
|
| Settlement date: | April 23
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17326YX84
|
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