Published on 5/4/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $824,000 barrier securities linked to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 4 – Citigroup Global Markets Holdings Inc. priced $824,000 of 0% barrier securities due April 28, 2023 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 400% of any gain of the worse performing asset, capped at par plus 60%.
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.
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| Issue: | Barrier securities
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| Underlying indexes: | S&P 500 index and Russell 2000
|
| Amount: | $824,000
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| Maturity: | April 28, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 400% of any gain of worse performing asset, capped at par plus 60%; par if worse performer falls by up to 40%; otherwise, full exposure to loss of lesser performing asset
|
| Initial values: | 2,639.4 for S&P, 1,550.467 for Russell
|
| Barrier values: | 1,583.64 for S&P, 930.28 for Russell; 60% of initial values
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17324CTQ9
|
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