Published on 5/25/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.26 million market-linked notes on fund, two indexes
By Wendy Van Sickle
Columbus Ohio, May 25 – Citigroup Global Markets Holdings Inc. priced $2.26 million of 0% market-linked notes due May 27, 2021 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the iShares MSCI Emerging Markets ETF, the S&P 500 index and the Euro Stoxx 50 index.
The payout at maturity will be par plus the basket return, with a maximum payout of 130% of par and a minimum payout of 90% of par.
If the basket falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | iShares MSCI Emerging Markets ETF, S&P 500 index, Euro Stoxx 50 index, equal weights
|
| Amount: | $2,258,000
|
| Maturity: | May 27, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return, with maximum payout of 130% of par and minimum payout of 90% of par
|
| Initial level: | 2,733.29 for S&P, 3,541.82for Stoxx and $46.49 for ETF
|
| Pricing date: | May 23
|
| Settlement date: | May 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17324CUL8
|
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