Published on 6/3/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.98 million capped gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 3 – Citigroup Global Markets Holdings Inc. priced $4.98 million of 0% capped gears due July 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is greater than zero, the payout at maturity will be par of $10 plus three times the index return, subject to a 12.25% maximum return. If the index return is negative, investors will be exposed to the index’s decline from its initial level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Capped gears
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Underlying index: | S&P 500
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Amount: | $4,980,450
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Maturity: | July 31, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is greater than zero, par plus three times index return, subject to 12.25% maximum return; if index return is negative, full exposure to index’s decline from initial level
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Initial index level: | 2,090.54
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Pricing date: | May 25
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Settlement date: | May 31
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Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 17324P198
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