Published on 7/14/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.3 million buffered notes linked to S&P 500
By Kiku Steinfeld
Chicago, July 15 – Citigroup Global Markets Holdings Inc. priced $2.3 million of 0% buffered notes due July 14, 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 index return finishes above its initial level, the payout at maturity will be par plus 170% of the index gain, subject to a maximum settlement amount of $1,225.93 per $1,000 principal amount of notes. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Buffered index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $2,297,000
|
Maturity: | July 14, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 170% of the index gain, subject to a maximum settlement amount of $1,225.93 per $1,000 principal amount of notes; par if the index declines by 15% or less; 1.1765% loss for every 1% that it declines beyond 15%
|
Initial index level: | 2,826.15
|
Pricing date: | June 5
|
Settlement date: | June 12
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | None
|
Cusip: | 17326YUM6
|
|
© 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.