Published on 9/1/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.39 million market-linked notes on ETF, index basket
By Wendy Van Sickle
Columbus, Ohio, Sept. 1 – Citigroup Global Markets Holdings Inc. priced $1.39 million of 0% market-linked notes due March 3, 2022 linked to a basket of three underliers, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the iShares Core U.S. Aggregate Bond exchange-traded fund with a 33.33% weight, the Dow Jones industrial average with a 33.34% weight and the Euro Stoxx 50 index with a 33.33% weight.
The payout at maturity will be par plus any basket gain. If the basket falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Market-linked notes
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Underlying basket: | iShares Core U.S. Aggregate Bond ETF (33.33% weight), Dow Jones industrial average (33.34% weight) and Euro Stoxx 50 index (33.33% weight)
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Amount: | $1,392,000
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Maturity: | March 3, 2022
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the basket return is positive, par plus the basket gain; otherwise, par
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Initial levels: | $112.59 for ETF, 18,454.30 for Dow Jones, 3,030.75 for Stoxx
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Pricing date: | Aug. 30
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Settlement date: | Sept. 2
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17324CA55
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