Published on 2/15/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $13.36 million three-year trigger gears linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Feb. 15 – Citigroup Global Markets Holdings Inc. priced $13.36 million of 0% trigger gears due Feb. 17, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei Stock Average index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 index with a weight of 7.5% and the Hang Seng index with a weight of 5%.
The payout at maturity will be par of $10 plus 2.7 times any basket gain.
If the basket falls but not below the 75% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The guarantor is Citigroup Inc.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng (5%)
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| Amount: | $13.36 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 gains, par plus 2.7 times return; if basket falls but not below 75% downside threshold level, par; otherwise, 1% loss per 1% decline
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| Initial levels: | 3,202.37 for Stoxx, 7,190.84 for FTSE, 21,144.48 for Nikkei, 9,164.06 for Swiss Market, 6,063.569 for S&P/ASX and 28,497.59 for Hang Seng
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| Pricing date: | Feb. 13
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| Settlement date: | Feb. 19
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| Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17326W290
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