Published on 7/11/2017 in the Prospect News Structured Products Daily.
New Issue: Citi prices $175,000 dual directional barrier notes on two indexes
By Wendy Van Sickle
Columbus, Ohio, July 11 – Citigroup Global Markets Holdings Inc. priced $175,000 of 0% dual directional barrier securities due July 2, 2019 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 any gain of the worse performing index, capped at 16%.
If the worse performing index falls by up to 20%, the payout will be par plus the absolute value of the return of the worse performing index.
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.
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Guarantor: | Citigroup Inc.
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Issue: | Dual directional barrier securities
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $175,000
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Maturity: | July 2, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain of worse performing index, capped at 16%; if worse performer falls by up to 20%, par plus absolute value of return of worse performer; otherwise, full exposure to loss of lesser performing index
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Initial levels: | 2,419.38 for S&P, 1,403.522 for Russell
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Barrier levels: | 1,935.504 for S&P, 1,122.818 for Russell, 80% of initial levels
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Pricing date: | June 27
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Settlement date: | June 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.75%
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Cusip: | 17324CKC9
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