Published on 6/10/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $843,000 index-linked notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., June 10 – Citigroup Global Markets Holdings Inc. priced $843,000 of 0% index-linked notes due Jan. 6, 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.
The payout at maturity will be par plus 300% of any index gain, up to a maximum settlement amount of $1,228 per $1,000 of notes.
Investors will lose 1% for each 1% index decline.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $843,000
|
Maturity: | Jan. 6, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum payment of $1,228 per $1,000 principal amount; full exposure to decline
|
Initial level: | 2,850.96
|
Pricing date: | May 15
|
Settlement date: | May 22
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | None
|
Cusip: | 17326Y5M4
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.