Published on 5/4/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $470,000 barrier securities linked to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 4 – Citigroup Global Markets Holdings Inc. priced $470,000 of 0% barrier securities due April 28, 2023 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 350% of any gain of the worse performing asset, capped at par plus 50%.
If the worse performing asset falls by up to 40%, the payout will be par; otherwise, investors will be fully exposed to the decline of the lesser performing asset.
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: | Barrier securities
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Underlying indexes: | S&P 500 index and Russell 2000
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Amount: | $470,000
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Maturity: | April 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 350% of any gain of worse performing asset, capped at par plus 50%; par if worse performer falls by up to 40%; otherwise, full exposure to loss of lesser performing asset
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Initial values: | 2,639.4 for S&P, 1,550.467 for Russell
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Barrier values: | 1,583.64 for S&P, 930.28 for Russell; 60% of initial values
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Pricing date: | April 25
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Settlement date: | April 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 4.125%
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Cusip: | 17324CTR7
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