Published on 12/1/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.15 million barrier securities linked to two indexes
By Wendy Van Sickle
Columbus, Ohio, Dec. 1 – Citigroup Global Markets Holdings Inc. priced $1.15 million of 0% barrier securities due Dec. 1, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus four times any gain of the worse performing index up to a 60% maximum return.
If the worse performing index falls by up to 40%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $1,151,000
|
| Maturity: | Dec. 1, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus four times any gain of worse performing index, up to a 60% maximum gain; par if worse performer falls by up to 40%; otherwise, full exposure to loss of lesser performing index
|
| Initial levels: | 2,601.42 for S&P, 1,513.309 for Russell
|
| Barrier levels: | 1,560.852 for S&P, 907.985 for Russell, 60% of initial levels
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.815%
|
| Cusip: | 17324CNT9
|
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