Published on 1/29/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.03 million barrier securities linked to index, ETF
By Marisa Wong
Morgantown, W.Va., Jan. 29 – Citigroup Global Markets Holdings Inc. priced $1,025,000 of 0% barrier securities due Jan. 27, 2021 linked to the PowerShares QQQ Trust, Series 1 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 345% of any gain of the worse performing asset up to a 35% maximum return.
If the worse performing asset falls by up to 40%, the payout will be par; otherwise, investors will be fully exposed to the decline of the lesser performing asset.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
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| Underlying assets: | Russell 2000 index and PowerShares QQQ Trust, Series 1
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| Amount: | $1,025,000
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| Maturity: | Jan. 27, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 345% of any gain of worse performing asset up to a 35% maximum return; par if worse performer falls by up to 40%; otherwise, full exposure to loss of lesser performing asset
|
| Initial values: | $168.12 for ETF, 1,605.165 for index
|
| Barrier values: | $100.872 for ETF, 963.099 for index; 60% of initial values
|
| Pricing date: | Jan. 22
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| Settlement date: | Jan. 25
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.85%
|
| Cusip: | 17324CR32
|
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