Published on 5/6/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.91 million buffer securities linked to Russell 2000 index
By Sarah Lizee
Olympia, Wash., May 6 – Citigroup Global Markets Holdings Inc. priced $2.91 million of 0% buffer securities due Nov. 13, 2020 linked to 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 1.5 times any index gain, capped at par plus 17.25%.
Investors will receive par if the index falls by up to 10% and will lose 1% per 1% drop beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying index: | Russell 2000
|
| Amount: | $2,905,000
|
| Maturity: | Nov. 13, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 17.25%; par if the index falls by up to 10%; 1% loss per 1% drop beyond 10%
|
| Initial value: | 1,575.612
|
| Buffer value: | 1,418.051, 90% of initial value
|
| Pricing date: | May 1
|
| Settlement date: | May 6
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17326YVJ2
|
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