Published on 2/6/2017 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.52 million barrier securities linked to two indexes
By Marisa Wong
Morgantown, W.Va., Feb. 6 – Citigroup Global Markets Holdings Inc. priced $2.52 million of 0% barrier securities due Oct. 30, 2025 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 double any gain of the worse performing index.
If the worse performing index falls by up to 50%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $2,517,000
|
| Maturity: | Oct. 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain of worse performing index; par if worse performer falls by up to 50%; otherwise, full exposure to loss of lesser performing index
|
| Initial levels: | 2,296.68 for S&P, 1,375.595 for Russell
|
| Barrier levels: | 1,148.34 for S&P, 687.798 for Russell, 50% of initial levels
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 5%
|
| Cusip: | 17324CDZ6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
