Published on 12/27/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.5 million buffered equity notes on index basket
By Sarah Lizee
Olympia, Wash., Dec. 27 – Citigroup Global Markets Holdings Inc. priced $4.5 million of 0% buffered equity notes due Jan. 31, 2020 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 consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 170% of any basket gain, up to a maximum payout of $1,229.33 for each $1,000 principal amount.
If the basket finishes flat or falls by up to 12.5%, the payout will be par.
If the basket falls by more than 12.5%, investors will lose 1.1429% for each 1% decline beyond 12.5%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered equity index basket-linked notes
|
| Underlying basket: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $4,495,000
|
| Maturity: | Jan. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.7 times any basket gain, up to a maximum settlement amount of $1,229.33 per $1,000 of notes; par if basket falls by up to 12.5%; 1.1429% loss for each 1% decline beyond 12.5%
|
| Initial index levels: | 3,000.61 for Euro Stoxx, 1,488.19 for Topix, 6,721.17 for FTSE, 8,417.29 for Swiss and 5,467.639 for S&P/ASX
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17326YX92
|
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