E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/12/2019 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $1.31 million buffered notes linked to MSCI EAFE

By Marisa Wong

Morgantown, W.Va., June 12 – Citigroup Global Markets Holdings Inc. priced $1.31 million of 0% buffered notes due April 14, 2021 linked to the MSCI EAFE 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 plus 150% of the index gain, subject to a maximum settlement amount of $1,261.15 per $1,000 principal amount of notes. Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that it may declines beyond 12.5%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered notes
Underlying index:MSCI EAFE
Amount:$1,305,000
Maturity:April 14, 2021
Coupon:0%
Price:Par
Payout at maturity:If the index return is positive, par plus 150% of the index gain, subject to a maximum settlement amount of $1,261.15 per $1,000 principal amount of notes; par if the index declines by 12.5% or less; 1.1429% loss for every 1% that it may declines beyond 12.5%
Initial index level:1,865.83
Pricing date:May 17
Settlement date:May 24
Underwriter:Citigroup Global Markets Inc.
Fees:None
Cusip:17326YKM7

© 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.