Published on 3/6/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $3 million market-linked notes on basket of two indexes
By Marisa Wong
Morgantown, W.Va., March 6 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% market-linked notes due March 1, 2022 linked to an equally weighted basket containing the Euro Stoxx 50 index and 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 any basket gain, up to a maximum return of 100%.
If the basket falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as a dealer.
| 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: | Euro Stoxx 50 index and S&P 500 index, equally weighted
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| Amount: | $3 million
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| Maturity: | March 1, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus any basket gain, up to a maximum return of 100%; if the basket falls, par
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| Initial index levels: | 2,367.34 for S&P, 3,304.09 for Euro Stoxx
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| Pricing date: | Feb. 24
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| Settlement date: | March 1
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| Underwriter: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.9%
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| Cusip: | 17325E408
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