Published on 8/15/2018 in the Prospect News Structured Products Daily.
New Issue: Citi prices $4 million five-year market-linked notes on S&P 500, Russell
By Wendy Van Sickle
Columbus, Ohio, Aug. 15 – Citigroup Global Markets Holdings Inc. priced $4 million of 0% market-linked notes due Aug. 1, 2023 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 110% of the gain of the worse performing index.
If either index falls, the payout will be par plus the return of the worse performing index with investors exposed to 5% of losses.
The notes are guaranteed by Citigroup Inc.
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: | Market-linked notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $4,002,000
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Maturity: | Aug. 1, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gain, par plus 110% of return of worse performing index; if either index falls, par plus return of worse performing index with floor of 95% of par
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Initial levels: | 2,818.82 for S&P, 1,663.34 for Russell
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Pricing date: | July 27
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Settlement date: | Aug. 1
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.114%
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Cusip: | 17324CY26
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