Published on 6/12/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $3.59 million buffered notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 12 – Citigroup Global Markets Holdings Inc. priced $3.59 million of 0% buffered notes due June 15, 2020 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 positive, the payout at maturity will be par plus 140% of the index gain, subject to a maximum settlement amount of $1,124.46 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it may declines beyond 10%.
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: | Buffered notes
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Underlying index: | S&P 500
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Amount: | $3,591,000
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Maturity: | June 15, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 140% of the index gain, subject to a maximum settlement amount of $1,124.46 per $1,000 principal amount of notes; par if the index declines by 10% or less; 1.1111% loss for every 1% that it may declines beyond 10%
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Initial index level: | 2,859.53
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Pricing date: | May 17
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Settlement date: | May 24
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | None
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Cusip: | 17326YPW0
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