Published on 9/30/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.67 million 0.25% notes linked to indexes, bond ETF
By Angela McDaniels
Tacoma, Wash., Sept. 30 – Citigroup Global Markets Holdings Inc. priced $1.38 million of 0.25% market-linked notes due March 31, 2022 linked a basket consisting of the S&P 500 index with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the iShares Core U.S. Aggregate Bond ETF with a 33.33% weight, and, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable semiannually.
If the basket return is positive, the payout at maturity will be par plus the basket return. If the basket return is zero or negative, the payout will be par. The basket return is the average of the percentage changes in the closing level of the basket from the pricing date to each quarterly valuation date occurring over the term of the notes.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked notes
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| Underlying basket: | S&P 500 index (33.34% weight), iShares Core U.S. Aggregate Bond ETF (33.33% weight) and Euro Stoxx 50 index (33.33% weight)
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| Amount: | $2,672,000
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| Maturity: | March 31, 2022
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| Coupon: | 0.25%, payable semiannually
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus basket return; if basket return is zero or negative, par
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| Basket return: | Average of percentage changes in closing level of basket from pricing date to each quarterly valuation date occurring over term of notes
|
| Initial levels: | 2,159.93 for S&P 500, 2,970.84 for Euro Stoxx 50 and $112.51 for bond ETF
|
| Pricing date: | Sept. 27
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| Settlement date: | Sept. 30
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324CAQ9
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