Published on 7/10/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $510,000 market-linked notes tied to Dow, Stoxx basket
By Wendy Van Sickle
Columbus, Ohio, July 10 – Citigroup Global Markets Holdings Inc. priced $510,000 of 0% market-linked notes — upside participation to a cap and principal return at maturity due July 3, 2024 linked to an equally weighted basket composed of the Dow Jones industrial average and the Euro Stoxx 50, 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 any basket gain, up to a maximum payout of par plus 35%. If the basket finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. and Wells Fargo Securities are the underwriters.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Market-linked notes — upside participation to a cap and principal return at maturity
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Underlying basket: | Dow Jones industrial average and Euro Stoxx 50 index, equally weighted
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Amount: | $510,000
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Maturity: | July 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain up to 35%; par if basket finishes flat or falls
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Initial levels: | 26,599.96 for Dow, 3,473.69 for Stoxx
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Pricing date: | June 28
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Settlement date: | July 3
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Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities
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Fees: | 3.53%
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Cusip: | 17326YAH9
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