Published on 4/2/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.65 million of capped gears linked to index basket
By Devika Patel
Knoxville, Tenn., April 2 – Citigroup Global Markets Holdings Inc. priced $4.65 million of 0% capped gears due April 26, 2019 linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the Euro Stoxx 50 index with a 30% weight, the Nikkei 225 index with a 20% weight, the Hang Seng index with a 15% weight, the FTSE 100 index with a 10% weight, the S&P/ASX 200 index with a 10% weight, the Swiss Market index with a 7.5% weight and the Korea Stock Price Index 200 with a 7.5% weight.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus three times the basket gain, subject to a maximum return of 20%.
If the basket return is negative, investors will lose 1% for each 1% decline of the basket.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped gears
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| Underlying indexes: | Euro Stoxx 50 (30% weight), Nikkei 225 (20% weight), Hang Seng (15% weight), FTSE 100 (10% weight), S&P/ASX 200 (10% weight), Swiss Market (7.5% weight), Korea Stock Price (7.5% weight)
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| Amount: | $4.65 million
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| Maturity: | April 26, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus three times any basket gain, capped at 20%; otherwise, 1% loss for each 1% decline
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| Initial levels: | 3,407.79 for Euro Stoxx, 22,149.21 for Nikkei 225, 30,873.63 for Hang Seng, 7,247.66 for FTSE, 5,941.588 for S&P/ASX, 8,908.65 for Swiss Market and 316.61 for Korea Stock Price
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 1.66%
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| Cusip: | 17326E787
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