Published on 10/11/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.83 million buffered notes tied to MSCI EAFE index
By Devika Patel
Knoxville, Tenn., Oct. 11 – Citigroup Global Markets Holdings Inc. priced $1,829,000 of 0% buffered notes due April 14, 2021 linked to the MSCI EAFE index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, investors will receive par plus 160% of the return, capped at $1,192 per $1,000 of notes.
Investors will receive par if the index return declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond the 10% buffer.
Citigroup Global Markets Inc. is the underwriter.
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 index: | MSCI EAFE
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Amount: | $1,829,000
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Maturity: | April 14, 2021
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index return is positive, par plus 160% of return, capped at $1,192 per $1,000 of notes; par if the index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
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Initial index level: | 1,853.25
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Buffer level: | 1,667.925, 90% of initial level
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Pricing date: | Oct. 9
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Settlement date: | Oct. 17
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17327TXQ4
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