Published on 2/21/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.05 million buffered notes linked to index basket
By Sarah Lizee
Olympia, Wash., Feb. 21 – Citigroup Global Markets Holdings Inc. priced $1.05 million of 0% buffered notes due Feb. 17, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket includes the Euro Stoxx 50 index with a 39% weight, the Topix index with a 26% weight, the FTSE 100 index with a 15% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 11% weight.
If the basket return is positive, the payout at maturity will be par plus 122% of the basket return. Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that the basket may decline beyond 15%.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffered notes
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Underlying indexes: | Euro Stoxx 50 (39% weight), Topix (26% weight), FTSE 100 (25% weight), Swiss Market (9% weight) and S&P/ASX 200 (11% weight)
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Amount: | $1.05 million
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Maturity: | Feb. 17, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 122% of basket return; par if basket declines by 15% or less; 1.1765% loss for every 1% that basket declines beyond 15%
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Initial levels: | 3,840.97 for Stoxx, 1,702.87 for Topix, 7,409.13 for FTSE, 11,128.81 for Swiss, 7,130.204 for S&P
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Buffer level: | 85% of initial basket level
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Pricing date: | Feb. 14
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Settlement date: | Feb. 20
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17327TP75
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